INSTURCTION
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1. Suppose a Ghanaian firm, is exporting 5 bars of Gold to US valued at GHC 500000. If the prevailing exchange rate is GHC 5.4/ $ 1. How much would it be bought in US dollars?
2. A publication of the Ghana statistical service shows that the Ghanaian population is about 25 million. If 1,500,000 of the population is in the labour force and 1,500,000 are employed. What is the unemployment rate of Ghana?
3. If the value of Ghana's currency declines, what will be its effects on the volume of imports and exports of Ghana? Assuming all other things remain constant ...
4. In international trade, the difference between the values of exported and imported goods is called...
5. Suppose that a bag of rice is sold at $17 in US, according to the PPP theory, what is the Dollar-Cedi exchange rate if the same volume of rice is sold at GHC 35 in Ghana?
6. Which of the following functions below reflects how much value would be given in return at some future date for goods and services received?
7. The issuance of notes and coins by the government is termed as ...
8. When Government issues securities to the public, it becomes a form of
9. Consider that Ghana government has issued a bond that promises to pay GHS10 per annum until it matures. If the issue price of the bond is set at GHS200, then what will be the interest rate?
10. Suppose a Nigerian firm invests in a Ghanaian Bank. How would this transaction be registered in the balance of payments of Ghana? As an outflow in the
11. Broad money is a money that is only held as a form of saving ..
12. In the short run, there is a negative relationship between inflation and employment.
13. The notion that expectation concerning the future rate of inflation are based on the inflationary experience is called adaptive expectation
14.Purchasing Power Parity (PPP) theory predicts that under a managed exchange rate system, the exchange rate of one country against another currency will adjust to ensure that prices for identical goods in two countries are the same.
15. On the liquidity spectrum, bank cheque account is more liquid than short dated government securities.
16. Short term interest rate is policy determined, whereas long term interest is determined by ...
I. Central bank
II. The market forces
III. Capital market
IV. Primary market
17. What is the relationship between bond prices and interest rates?
18. Which of the following is the average number of times a unit of money is used over a given time period to buy goods and service?
19. There is a difference between long run and short run Philips Curve. The difference is that, in the long run
20. The Keynesian economists in response to inflation has adopted some preferred policies. Which of the following are these policies?
I. Reduction in government spending
II. Reduction in taxation
III. Increase in taxation
IV. Increase in government spending
