Which of the following shows the quality of money
Ability to represent both small and large values
Used for deffered payments
Used as a unit for account
Facilitating exchange
Serving as a store of wealth
Correct answer is A
No explanation has been provided for this answer.
utmost good faith
subrogation
insurable interest
indemnity
contribution
Correct answer is C
No explanation has been provided for this answer.
Which of the following is an example of insurable risk?
Change in consumer's taste
The probability of a third world war
Flood resulting from excessive rain in a year
The death of a business partner
Loss due to change in fashion
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a function of Development Banks?
Give long-term loans
invest directly into Agriculture
Issue currency notes
Give technical advice to investors
Embark on priority projects of governments
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a means of controlling credit by the Central Bank?
Fixing the bank rate
Open market operations
Clearing inter-bank indebtedness
Special deposits
Cashliquidity ratio
Correct answer is C
No explanation has been provided for this answer.