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Economics Past Questions and Answers

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Economics Questions

Question 1066:

Fiduciary issue is that part of?

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A The issue of notes backed entirely by gold
B A country's currency which is not negotiable
C The issue of notes not backed by gold
D A country's currency officially issued

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Question 1067:

An effect of inflation is that it?

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A Discourages trade by barter
B Favours debtors at the expense of creditors
C Increases the real income of salary earners
D Increases the value of a country's exports

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Question 1068:

Banks aid economic expansion and development by?

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A Being very strict in lending policies
B Mobilizing savings for investment lending
C Paying interest on deposit accounts
D Charging high interest on loans

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Question 1069:

The term 'Stock of Capital 'means?

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A Amount of money necessary to start a business
B Total amount receivable by all factors of production
C Amount of equipment plant and inventory existing at a time
D Total amount available for economic development

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Question 1070:

A tax that takes an increasing fraction of income as income goes down is called?

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A Conditional
B Regressive
C Progressive
D Proportional

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