The correct relationship between income (Y), consumption (C) and savings (S) is
C = Y + S
S = Y + C
S = Y + S
Y = C + S
Y = C – S
Correct answer is D
No explanation has been provided for this answer.
The International Monetary Fund (IMF) was set up mainly to
Cater for financial needs of developed countries
Create conditions favourable for the growth of world trade
Create favourable balance of payment
Develop domestic trade
Offset foreign debts only
Correct answer is B
No explanation has been provided for this answer.
Time deposit is the same thing as
Bank rate
Current account
Demand deposited
Fixed deposit
Savings account
Correct answer is D
No explanation has been provided for this answer.
When the demand for foreign exchange exceeds its supply, the value of the domestic currency
Appreciates
Depreciates
Expands
Increases
Inflates
Correct answer is B
No explanation has been provided for this answer.
The additional satisfaction derived from the consumption of one more unit of a good is called
Marginal cost
Marginal product
Marginal revenue
Marginal utility
Total Utility
Correct answer is D
No explanation has been provided for this answer.