Which one of the following statements is NOT true? (a) Money is the most liquid asset. (b) Money is a store of value. (c) Money is a unit of account. (d) Money is another term for income.
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Which one of the following statements is NOT true?
(a) Money is the most liquid asset.
(b) Money is a store of value.
(c) Money is a unit of account.
(d) Money is another term for income.
Which of the following will cause the demand curve for money to shift to the right?
(a) An increase in real
(b) A decrease in the repo rate.
(c) An increase in the quantity of money available.
(d) A decrease in the quantity of money available.
A budget deficit occurs when:
(a) there is an increase in
(b) government spends less than is generated by taxation.
(c) government spending is very high.
(d) Government spends more than is generated by taxation.
An example of an indirect tax is:
(a) income tax.
(b) secondary tax on dividends.
(c) company tax.
(d) value added tax.
Which one of the following statements is INCORRECT? (2)
(a) Provincial government forms part of the public sector.
(b) Central government forms part of general government.
(c) Provincial government forms part of the general government.
(d) Public corporations form part of general government.
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