ECO122

A. When exchange rate fall, import demand becomes _________

B. Positive net export that is current account surplus can be used to recover the economy from __________

C. British Colonial Officials established the __________ in 1912

D. Central bank of Nigeria began Operations in ___________

E. ______ tax is a situation where tax rate reduces as the size of income increases

F. Nigeria first bank the African banking corporation was established in ___________

G. Developing countries stand to gain from international trade because __________

H. Macroeconomics as the field of economics that studies the behavior of the ___________

I. Given that the amount of  naira needed when we want to buy $100 worth of United State of America product given that exchange rate is N500.00, the amount of naira needed is __________

J. In ____ Nigeria's first bank, the African Banking Corporation, was established

K. _____ tax is levied proportional to the tax base or income of the individual

L. The two types of taxes are _____ and _____ tax

M. ______ is a situation when you hold money for investment purposes

N. A rise in exchange rate when domestic currency rises relative to foreign currency is called __________

O. Per capital income is defined as the ratio of a country’s income to its __________

P. A rise in domestic inflation can plunge the economy into ____________

Q. National income accounting provides economists and statisticians with detailed information that can be used to track the health of an ___________

R. Finance and insurance services represented more than ______ of Nigeria's GDP in 1988

S. The calculation of goods produced by Nigerian nationals in South Africa and the one produced in Nigeria is called _______

T. Macroeconomics studies the behavior of the whole (aggregate) economy or economic systems rather than individual _____________

U. If a sum of N800.00 is fixed on a shirt, then the fixed tax of N800.00 is the _____ tax

V. International prices affects ___________

W. British colonial officials established the West African Currency Board in __________

X. Consumption, Savings and Investment is the theory of __________

Y. The second generation banks were bank licensed between ________ years

Z. Mr Afees Oyebo purchase a machine tool at N3,000,000 and an ad valorem tax of 21 percent is imposed, calculate the tax Mr Afees Oyebo finally paid on the machine tools.

AA. The Personal Consumption is the largest part of _________

AB. Economists take the study of money seriously because evidence suggests that ___________

AC. Gross Private domestic investment measures is used to calculate ___________

AD. Gross Private Domestic investment is a relatively specific measure of __________

AE. In 1952 several Nigerian members of the Federal House of Assembly called for the establishment of a central bank to facilitate _________

AF. The first generation bank were banks that were licensed before _______

AG. Net exports equals ____________

AH. According to Keynes, full employment means the absence of ___________

AI. _______________ make(s) it more likely that small countries will trade internationally because their costs of getting products over their borders are worth the effort

AJ. The first generation bank in Nigeria were licensed before ___________

AK. If import is greater than exports it is called _________

AL. Gross Private domestic investment equals consumer spending plus investment plus government spending plus _________

AM. Mr Olusanya Samuel an American consumer intends to buy Nigeria product worth of N1000.00, given that exchange rate is 50, so the amount of dollars he need for the transaction is ________

AN. ______ an institution which accepts deposits, makes business loans, and offers related services

AO. The graph that shows the relationship between consumption and income is __________

AP. Given that the amount of naira needed when we want to buy $100 worth of  US and the exchange rate falls to $50 and product given that exchange rate is N500.00, the amount of  naira needed is __________

AQ. A fall in exchange when domestic currency falls relative to foreign currency is called ___________

AR. Nigeria's first bank, the African Banking Corporation, was established in _____

AS. Net exports can be seen as __________

AT. The gross domestic product is the summation of all the values of goods and services produced in a country by the ___________ and non-nationals

AU. Economic growth is defined as the process whereby the ________ of a country increases over a long period of time

AV. The factor that affect trade flows is the changes in ________

AW. The Central Bank of Nigeria, which was statutorily independent of the federal government until 1968, began operations on ___________

AX. If exports is greater than imports it is called __________

AY. When exchange rate rises, import demand is __________