NECO Past Questions and Answers - Page 157

781.

Time deposit is the same thing as

A.

Bank rate

B.

Current account

C.

Demand deposited

D.

Fixed deposit

E.

Savings account

Correct answer is D

No explanation has been provided for this answer.

782.

When the demand for foreign exchange exceeds its supply, the value of the domestic currency

A.

Appreciates

B.

Depreciates

C.

Expands

D.

Increases

E.

Inflates

Correct answer is B

No explanation has been provided for this answer.

783.

The additional satisfaction derived from the consumption of one more unit of a good is called

A.

Marginal cost

B.

Marginal product

C.

Marginal revenue

D.

Marginal utility

E.

Total Utility

Correct answer is D

No explanation has been provided for this answer.

784.

Data presented in tables are usually arranged in ………… and …………

A.

Charts, Tables

B.

Graphs, Rows

C.

Pictograms, Columns

D.

Rows, Columns

Correct answer is D

No explanation has been provided for this answer.

785.

Production is best defined in economics as

A.

Creation of utility yielding goods and services

B.

Distribution of goods and services

C.

Manufacturing of goods by small factories

D.

Provision of basic amenities

E.

Rendering of services only

Correct answer is A

No explanation has been provided for this answer.