Which type of "money" immediately succeeded the barter exchage?
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A. It didn't encourage face-to-face contacts during transaction
B. It discouraged movement of bulky goods
C. There was accurate measure of value
D. Indivisibility of certain good
Answer: D
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A. It didn't encourage face-to-face contacts during transaction
B. It discouraged movement of bulky goods
C. There was accurate measure of value
D. Indivisibility of certain good
Answer: D
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A. Transaction motive
B. Valuation motive
C. Speculative motive
D. Precaution motive
Answer: B
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A. Scarcity and Stability
B. Divisibility and Cognisability
C. Probability and Heterogeneity
D. General acceptability and Durability
Answer: C
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A. Store of high value
B. Medium of exchange
C. Unit of account
D. Standard of deferred payment
Answer: A
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A. It must have economic and social value
B. It must have the backing of the government and the legal system
C. It must be accepted by all and sundry
D. It must be backed up by the Police Force
Answer: B
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A. In Nigeria, money is just Naira and Kobo we use to purchase goods and services
B. Physical cash with which he carries out his daily transactions
C. A number of financial instruments which is acceptable as a medium of exchange and settlement of debts
D. Any form of cash that can be used for buying and selling
Answer: C
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A. Preparation of feasibility studies on a consultancy basis
B. Discounting of bills and deposit acceptance
C. Provision of technical assistance
D. Provide long term and medium term financing for industry and projects
Answer: B
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