ECO 122 (CBT 3)

An example of open economy model is ____________
Y = C + I + G + (X - M)
Y = C + I
Y = C + I - G
Y = C + I + G - (X - M)
The financial plan of the projected expenditures and revenue of a unit of Government to ensure fiscal period is ____________
The supply of goods and services
The budget
The government expenses
None of the options
In _________, Nigeria's first bank, the African Banking Corporation, was established.
1999
1899
1892
1992
Consider a United States of America consumer that intends to buy Nigerian product worth N8000.00. How much dollars does he need for the transaction, given the exchange range to be 210.
30
38.1
34.09
None of the options
If a machine tool is N2,000,000.00 and an ad valorem tax of 8 percent is imposed, then tax paid is ___________
N10,000
N12,000
N16,000
N18,000
One of the following is a characteristic of budget.
Comprehensiveness
Unity
Peridicity
Clarity
Depreciation makes _________ cheaper and ___________ expensive.
Export and import
Exchange rate and goods
Import and export
Import and exchange rate
__________ tax has a constant rate.
Proportional
Progressive
Regressive
Direct
The graph that shows the relationship between consumption and income is ____________
Consumption graph
National income graph
Investment graph
Savings graph
___________ is a situation when you hold money for investment purposes.
Precautionary motive
Speculative motive
Expenses motive
All of the options
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