Sample Business Management 02

Which of the following will result in demand pull inflation?

Which of the following is not a function of money?

The term that is used to describe the system of exchanging goods for goods is referred to as

Which of the following is not a motive for holding money?

The consistent fall in the prices of goods and services is best described as

Which of the following is not a function of the central bank?

A bank established usually in the small communities to gather money from those small communities for developmental activities is referred to as

When the Central Bank of a country would want to use monetary policy to reduce money supply in the economy

An economy where consistently, prices of goods and services increase at an alarming rate to the extend where prices of goods and services double within a day is said to be experiencing

The function of money that makes it possible for business to be conducted on credit basis without problems is referred to as

A periodic contribution paid by an insured to an insurer is called

Which of the following is not a principle of insurance?

The following are the main types of insurance except

The basis of risk is

To indemnify means to

The following is the oldest type of insurance

A type of risk that cannot be insured is referred to as

The throwing of goods on board a ship into the sea when there is eminent danger is referred to as

The deliberate throwing of cargo into sea when there is no eminent danger is known as

What the legal term “”Convert emptor”: means