The currency traded in a foreign exchange market for which demand is persistently high relative to supply is called:
(a) Soft currency
(b) Bad currency
(c) Hard currency-✔️
(d) Hot currency
The action taken by a buyer or seller to product his business or assets against a change in prices is called
(a) Hedge-✔️
(b) Interest
(c) Shore
(d) Loan
The theory that all human action is motivated by pleasure and the avoidance of pain or the ethic that it should be so motivated. Such theory is termed as
(a) Sadism
(b) Hedonism-✔️
(c) Satanism
(d) Spiritualism
The accumulation of idle money balances or inactive money is called:
(a) Wealth
(b) Hoarding-✔️
(c) Capital
(d) Investment
Funds that flow into a country to take advantage of favourable rates of interest in that country are known as
(a) Hard currency
(b) Hot money-✔️
(c) Soft currency
(d) Bad money
The skills and knowledge embodied in the labour force are termed as:
(a) Investment
(b) Labour Capital
(c) Human Resources
(d) Human Capital-✔️
What is the term used for the flow of goods and services that enter for sale into one country and which is product of another country?
(a) Exports
(b) Imports-✔️
(c) Income
(d) Gross Domestic Product (GDP)
The flow of goods or services to any economic agent or unit is called:
(a) Income-✔️
(b) Import
(c) Export
(d) None of the above
The persistent increases in the general level of prices is known as:
(a) Hyperinflation
(b) Inflation-✔️
(c) Devaluation
(d) Recession
What is the term used for airports, roads, railways, sewage, telephone and other public utilities?
(a) Understructure
(b) Substructure
(c) Infrastructure-✔️
(d) Superstructure
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