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Question 48

Select the best definition of the corporate governance of a company from the list below.

Options:

A.

The structure and functions of the Board of a firm

B.

The systems by which companies are directed and controlled

C.

The composition and duties of the management of a company

D.

The financial and non-financial performance of a company

Question 49

All of the following are functions of a central bank except one. Which ONE is the exception?

Options:

A.

Lender of the last resort

B.

Banker to the commercial banks

C.

The conduct of fiscal policy

D.

Regulation of the banking system

Question 50

Which of the following best describes the term 'National Debt'?

Options:

A.

Money the government owes to governments of other countries

B.

Money the government must borrow to make up the shortfall between tax revenue and government expenditures

C.

Special assets issued by government to finance wars

D.

The accumulated borrowings by the government in previous years that have not yet been repaid

Question 51

Which one of the following would lead to a fall (depreciation) in the exchange rate for a country's currency?

Options:

A.

A fall in interest rates in that country

B.

An inflation rate below that of the country's trading partners

C.

A fall in that country's imports

D.

A fall in the export of capital from that country

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Exam Code: BA1
Exam Name: Fundamentals of Business Economics
Last Update: May 16, 2024
Questions: 468
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