The transfer of ownership and control of business enterprises in Nigeria from foreigners to citizens is

Here are the answers to the questions:

15. The transfer of ownership and control of business enterprises in Nigeria from foreigners to citizens is The correct option is B. Indigenisation refers to the transfer of ownership and control of foreign-owned businesses to citizens of the host country.

    • B) indigenisation.

16. The total stock of currency available for use in an economy is ______ of money. The correct option is E. The total stock of currency and other liquid assets in an economy is known as the supply of money.

    • E) supply

17. Money serves as a poor store of value during The correct option is D. During periods of inflation, the purchasing power of money decreases, making it a poor store of value.

    • D) inflation.

18. Which of the following is a function of commercial bank? The correct option is A. A primary function of a commercial bank is the acceptance of deposits from individuals and businesses.

    • A) Acceptance of deposit.

19. The addition of Fixed Cost (FC) and Variable Cost (VC) gives ______ cost. The correct option is E. The sum of fixed costs and variable costs equals the total cost of production.

    • E) total

20. The economic concept that describes limited supply of available resources is The correct option is D. Scarcity is the fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.

    • D) scarcity.

21. The demand curve of an imperfect market is The correct option is C. In an imperfect market (e.g., monopoly, monopolistic competition), firms face a downward sloping demand curve, indicating they have some control over the price.

    • C) downward sloping.

22. Which of the following is not a lending policy of International Bank for Reconstruction and Development (IBRD)? The correct option is B. While IBRD loans require government guarantees, they typically do not require the provision of collateral security in the traditional sense from the borrowing country.

    • B) Provision of collateral security.

23. Which of the following promotes a smooth conduct of population census in Nigeria? The correct option is C. A high level of literacy among the population facilitates understanding and cooperation, leading to a smoother and more accurate census.

    • C) High level of literacy