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Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ?

Basic of Economics, Economics Mcqs /
Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ?

A. letter of Credit
B. Letter of expression
C. Demand draft
D. Letter of intent

Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ? Read More »

Basic of Economics, Economics Mcqs

A detailed, itemized list, report or record or things in one’s possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory ?

Basic of Economics, Economics Mcqs /
A detailed, itemized list, report or record or things in one’s possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory ?

A. List of stock a company own
B. List of assets of a corporation
C. Total obligation of a firm
D. An evaluation or a survey, as of abilities or resources

A detailed, itemized list, report or record or things in one’s possession or the process of making such a list, or items listed in this list, or the stock, is called inventory. Which of the following is also inventory ? Read More »

Basic of Economics, Economics Mcqs

Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ?

Basic of Economics, Economics Mcqs /
Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ?

A. Hyperinflation
B. Ultra-inflation
C. A cute inflation
D. Super inflation

Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ? Read More »

Basic of Economics, Economics Mcqs

Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?

Basic of Economics, Economics Mcqs /
Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?

A. Grey market
B. White market
C. Red market
D. Open market

Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ? Read More »

Basic of Economics, Economics Mcqs

Term the interchange of commodities across political frontiers without restriction such as tariffs, quotas, or foreign exchange controls ?

Basic of Economics, Economics Mcqs /
Term the interchange of commodities across political frontiers without restriction such as tariffs, quotas, or foreign exchange controls ?

A. Open trade
B. Free trade
C. Open sky trade
D. Easy trade

Term the interchange of commodities across political frontiers without restriction such as tariffs, quotas, or foreign exchange controls ? Read More »

Basic of Economics, Economics Mcqs