Which of the following is a middleman in the chain of distribution?

A. An entrepreneur

B. a producer

C. a banker

D. a retailer

A negative effect of the presence of a large number of middlemen in the distributive network is

A. greater variety of goods

B. greater quality of goods

C. lower price of goods

D. higher price of goods

An example of a producer goods is a

A. tin of milk

B. hammer

C. loaf of bread

D. shirt

To promote the development of agricultural sector, government of West African countries should

A. encourage rural-urban drift

B. discourage foreign investment in agriculture

C. support the marketing of farm produce

D. reduce tarrif of food imports

The most important quality of money is that it must be

A. relatively scarce

B. generally acceptable

C. portable

D. durable

A certain amount of money is needed for everyday expenditure like buying of goods, transportation and others. This is

A. transaction demand for money

B. precautionary demand for money

C. derived demand for money

D. speculative demand for money

Long-term loans can be secured from

A. Commercial banks

B. discount houses

C. development banks

D. acceptance houses

The value of money is generally measured in relation to the

A. interest rate charged on the bank loans

B. general price level

C. size of a country's gold stock

D. volume of imports

Which of the following is true under rapid inflation? People

A. demand less foreign exchange

B. set up businesses

C. rush to pay their taxes

D. hardly wants to lend money

Which of the following financial institutions was originally known as a Building Society?

A. Development banks

B. insurance company

C. Mortgage banks

D. merchant banks