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Economics Past Questions and Answers

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Economics Questions

Question 56:

The following are measures of location except________

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A Arithmetic mean
B Harmonic mean
C Range
D Geometric mean

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Question 57:

The term M \(^3\) comprises M \(^1\) together with deposits on deposit account held by_______

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A Banks only
B Discount houses only
C Banks and discount houses
D Banks, discount houses and stock, exchanges

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Question 58:

The second equation of exchange is__________

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A MV = PT
B P = \(\frac {M}{KR}\)
C P = \(\frac {MV}{T}\)
D P=MV

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Question 59:

The term "Money at call and short notice" in a bank's assets represents the bank's loans to______

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A Industry and commerce
B Overseas central banks
C The capital market
D The money markets

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Question 60:

An example of a vertical combination is the merger of_________

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A A spinning firm and a wearing firm
B Two meat retailing firms
C Two very large wholesale textile distributors
D Three secretarial employment agencies in one town

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