The situation in which aggregate demand in the economy is growing at a rate reliable to lead to inflation is called:
(a) Overdraft
(b) Overheating-✔️
(c) Oversubscription
(d) None of the above
An unincorporated business formed by the association of two or more persons who share risks and profits is called:
(a) Merger
(b) Alliance
(c) Partnership-✔️
(d) Corporation
The period over which the cumulative net revenue from an investment project equals the original investment is known as:
(a) Payback-✔️
(b) Paycheck
(c) Both of the above
(d) None of the above
Sums of money laid aside and normally invested to provide a regular income on retirement or in compensation for disablement for the remainder of a person’s life is called:
(a) Provident Funds
(b) Pension Funds-✔️
(c) Social Security
(d) None of the above
A bank loan made without collateral security to a private customer for specific purposes is called:
(a) Personal Loan-✔️
(b) Credit
(c) Finance
(d) Lien
What is the informal name for annual publication “United Kingdom Balance of Payments”?
(a) Green Book
(b) Red Book
(c) Pink Book-✔️
(d) Blue Book
The system of agricultural support by which market prices are fixed at above free market levels and government buys surpluses, thus supporting prices and raising farmer’s income is called:
(a) Price Regulation
(b) Price Support-✔️
(c) Price System
(d) None of the above
The part of the economy in which economy activity is carried on by private enterprise is termed:
(a) Personal Sector
(b) Corporate Sector
(c) Private Sector-✔️
(d) Public Sector
The sale of government owned equity in nationalized industries or other commercial enterprises to private investors is called:
(a) Nationalization
(b) Privatization-✔️
(c) Denationalization
(d) Both b and c
The sale of shares on the stock exchange in order to realize capital appreciation is known as:
(a) Profit Sharing
(b) Profit Taking-✔️
(c) Dividends
(d) Equity
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