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1311

one of the major functions of money is?

  • A. medium of exchange
  • B. stable in value
  • C. store of value
  • D. acceptance by the central bank
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1312

The function that distinguishes commercial banks from the central bank is that the former 

  • A. is a lender of last resort
  • B. accepts deposits from the public
  • C. services the public debt
  • D. regulates foreign exchange
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1313

Direct taxes include?

  • A. excise duty
  • B. ad valorem tax
  • C. specific tax
  • D. capital gain tax
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1314

The control of aggregate demand through changes in government spending and tax rates is referred to as?

  • A. monetary policy
  • B. government policy
  • C. income policy
  • D. fiscal policy
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1315

which of the following is not a feature of economic underdevelopment 

  • A. monocultural economy
  • B. high productivity
  • C. low life expectancy
  • D. income inequality
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