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4856

Which of the following best describe token money?

  • A. Currency and coins in circulation
  • B. Coins and notes made of poor quality materials
  • C. Money in the vault of commercial banks
  • D. Money with face value higher than its material content
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4857

In calculating the Gross National Product (GNP) by the income approach, all the following are included except

  • A. direct taxes paid by persons and companies
  • B. wages and salaries
  • C. rents on houses
  • D. retirement benefits
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4858

One advantage of a sole proprietorship is that

 

  • A. it makes an increase in the volume of business possible
  • B. it can be managed without conflicts
  • C. the sole proprietor raises money from the public
  • D. there is no limit to the number of people who may bring in capital
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4859

The United Nation Conference on Trade and Development (UNCTAD) is a forum designed specifically for discussing the

  • A. religious affairs in the Southern Africa
  • B. educational needs of the developed countries
  • C. better terms of trade in the world
  • D. political conflicts in the United Nation Security Council
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4860

Which of the following serves as a banker's bank?

  • A. Commercial Bank
  • B. The Central Bank
  • C. Development Bank
  • D. The Mortgage Bank
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