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Distribution & Money Quiz

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Distribution and money quiz

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Nigeria

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Distribution & Money Quiz
 

Distribution & Money QuizVersión en línea

Distribution and money quiz

por adesola adekoya
1

1.Which intermediary, acts specifically between the producer and the retailer? (a). Agent (b.) Wholesaler (c.) Consumer (d.) Distributor

2

2.The greatest disadvantage of the barter system is the need for (a.) durability (b.) divisibility (c.) homogeneity (d.) double coincidence of wants

3

3.The "lender of last resort" in the banking system is the (a.) merchant bank (b.) mortgage bank (c.) central bank (d.) commercial bank

4

4.A negative effect of having a large number of middlemen in the distributive chain is ( a.) lower price of goods (b.) higher price of goods ( c.) greater variety (d.) better quality

5

5.The motive for holding money to meet day-to-day needs is: (a.) speculative (b.) precautionary( c). transitionary (d.) investment

6

6.Which of the following is a function of the retailer? (a). Bulk breaking (b.) After-sales service (c.) Financing the producer (d.) Warehousing

7

7.Which bank specializes in lending money for real estate development? (a) Merchant banks (b.) Mortgage banks (c.) Development banks (d.) Central banks

8

8.If the price of an apple doubles from last year, the value of money is: (a.) Stable (b.) Falling (c.) Rising (d.) Getting stronger

9

9.What is the normal channel by which commodities reach the final consumer? (a). Manufacturerwholesalerretailerconsumer (b.) Manufacturerretaileragent (c.) Wholesalerretailer (d.) Agentconsumer

10

10.Moral suasion is a method of control that involves: (a.) Force (b.) Persuasion and advice (c.) Selling bonds (d.) Raising taxes

11

11."Hoarding" of goods by middlemen leads to: (a.) Lower prices (b.) Artificial scarcity (c.) Higher supply (d.) Better quality

12

12.A legal tender is any form of money which (a.) Is portable (b.) Is divisible (c.) A creditor must accept by law (d.) Is backed by gold

13

13.Open market operation (OMO) refers to: (a) Buying\/selling govt securities (b.) Households buying goods (c.) New banks (d.) Buying raw materials

14

14.When a manufacturer sells directly to a consumer, it is called: (a.) Wholesale trade (b.) Retail trade (c.) Direct distribution (d.) Indirect distribution

15

15.Holding money for unforeseen contingencies is the: (a.) Transitionary motive (b.) Precautionary motive c. Speculative motive d. Profit motive

16

16.A major problem of product distribution in Nigeria is: (a.) High demand (b.) Inadequate storage (c.) Low population (d.) Too much money

17

17.Which of the following is a function of the central bank? (a.) Accepting public deposits (b.) Serving as a banker's bank (c.) Retail advice (d.) Underwriting shares

18

18.The most important quality of money is that it must be: (a.) Generally acceptable (b.) Relatively scarce (c.) Portable (d.) Durable

19

19.Which of the following is considered a liability to a commercial bank? (a.) Loans to customers (b.) Customer deposits (c.) Treasury bills (d.) Office equipment

20

20.One function of the wholesaler to the retailer is: (a.) Granting of credit (b.) Manufacturing (c.) Farming (d.) Price control

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