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4076

The term "Money at call and short notice" in a bank's assets represents the bank's loans to______

  • A. industry and commerce
  • B. overseas central banks
  • C. the capital market
  • D. the money markets
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4077

A contractionary monetary policy is used to control__________

  • A. Deflation
  • B. Inflation
  • C. Recession
  • D. Balance of Payment deficit
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4078

Consider the following figures which refer to a firm's production department during one week:

Wage bill ₦6,000, Rent, Rates, Depreciation ₦200, raw materials ₦800, Power ₦300.
Total variable costs incurred during the week are

  • A. ₦7,300
  • B. ₦7,100
  • C. ₦1,300
  • D. ₦1,100
View Answer & Discuss (1) JAMB 2019
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4079

If AC and MC are represented on a graph, the MC curve will cut the AC curve_______

  • A. at the maximum point on the AC curve
  • B. at the highest point on the AC curve
  • C. at the minimum point on the AC curve
  • D. at the peak
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4080

Consider the diagram below which shows a demand curve (d).

 

Total expenditure on a commodity is represented by the area TUVW. Consumer's surplus is represented by___________

  • A. The area VWX
  • B. The area XTUV
  • C. \(\frac {XW} {XT}\)
  • D. \(\frac {TU} {UV}\)
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