ECO122

A. When exchange rate fall, import demand becomes _________

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

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

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

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

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

G. British Colonial Officials established the __________ in 1912

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

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

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

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

L. 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.

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

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

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

P. Net exports can be seen as __________

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

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

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

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

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

V. International prices affects ___________

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

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

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

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

AA. 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 ________

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

AC. 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 __________

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

AE. When exchange rate rises, import demand is __________

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

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

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

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

AJ. 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 __________

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

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

AM. The Personal Consumption is the largest part of _________

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

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

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

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

AR. Central bank of Nigeria began Operations in ___________

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

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

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

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

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

AX. Net exports equals ____________

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