A. Central Bank
B. State Bank
C. Both
D. None
Related Mcqs:
- A commercial bank authorized by state govt. to engage in business of banking ?
A. National Bank
B. State Bank
C. Business authorized bank
D. None - The total amount by the federal govt. of the owner of the govt. securities is called___________________?
A. Public debt
B. Public finance
C. Public good
D. None - The use of foreign currency as a medium of exchange in place of or long with the local currency e.g. (Mdexican Pesos)___________________?
A. Partial substitution
B. Currency substitution
C. Currency devaluation
D. None - A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return______________?
A. Tax
B. Tariff
C. Transfer payment
D. Subsidy - All the goods and services produced in a country in a year plus other sources of income for example foreign exchange earnings, foreign aid, foreign remittance, loans etc are called ?
A. GDP
B. NNp
C. NDP
D. GNP - Any financial institution that serves to channel loan able funds savers to borrowers?
A. Financial intermediary
B. IMF
C. Both
D. None - Sum total of currency in circulation plus commercial bank demand deposits and sometimes savings bank time deposits?
A. Money supply
B. Money lender
C. National income
D. None - Loans not passed through formal banking system e.g. family loans?
A. Formal finance
B. Informal finance
C. Med term loans
D. Long term loans - The rate of exchange of one nation’s currency for another nation’s currency?
A. Exchange rate appreciation
B. Exchange rate depreciation
C. Exchange rate determinant
D. None of these - From of central bank that issues domestic currency for foreign exchange at fixed rates ?
A. Stock exchange
B. Currency board
C. State Bank
D. Commercial Bank
