Other questions in this quiz

2. Which of the following is an effect of lowering Interest rates?

  • More expensive loans, meaning larger projects discouraged.
  • Improves external value of currency.
  • Cheaper borrowing, meaning less incentive to save.
  • Expensive borrowing, meaning more incentive to save.

3. What is the definition of 'Fiscal Policy'?

  • Changing the level of money supply and interest rates.
  • Changing the level of government spending and tax.
  • Changing the level of money supply and tax.
  • Changing the level of government spending as interest rates.

4. Which of the following is a cause of Inflation?

  • Civil unrest.
  • Reduced costs of raw materials.
  • Cheaper borrowing or tax cuts, leads to higher prices and wages.
  • Equal supply to demand.

5. The Great Depression resulted in how many citizens jobless?

  • 20 Million
  • 14 Million
  • 15 Million
  • 13 Million

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