Economics

• A market condition where there are two buyers,

  and two sellers is called

  1. Bilateral duopoly
• What is the opposite of perfect competition

  1. Monopoly
• Series of equal payments occurring at equal

  period of times at an infinite time basis

  1. perpetuity
• A loan is discharged or repaid by a uniform series

  of payments extending over its duration is said

  to be

  1. Amortized
• The amount of property in which a willing buyer

  will pay to a willing seller for the property when

  neither one is under the compulsion to buy nor

  to sell is called

  1. Market value
• Which of the following does not affect owner’s

  equity

  1. License to start a business
• Which of the following corresponds to the

  meaning of annuity

  1. A series of uniform amounts over a

  period of time
• The ability to meet debts as they become due is

  known as

  1. Solvency
• The ability to convert assets to cash quickly is

  known as

  1. Liquidity
• One banker’s year is equivalent to _____ days

  1. 360
• What refers to the ratio of the interest payment

  to the principal for a given unit of time and

  usually expressed as a percentage of the

  principal

  1. Interest rate
• In what method of computing depreciation

  where it assumes that the annual cost of

  depreciation is a fixed percentage of the book

  value at the beginning of the year

  1. Declining balance method
• If a seller recovers his capital along with

  accumulated compensating interest not in one

  single lump sum payment but in periodical equal

  payments over time

  1. Capital recovery annuity is availed
• 213) It is the worth of the property which is equal to

  the original cost less the amount which has been

  charged to depreciation

  1. Book value
• What is a borrower of a particular loan almost

  always required to do during repayment

  1. Repay the loan over an agreed-upon

  amount of time
• What is a borrower of a particular loan almost

  always required to do during repayment

  1. Repay the loan over an agreed-upon

  amount of time
• What is the increase in the money value of a

  capital asset is called

  1. Capital gain
• The original record of a business transaction is

  recorded in this book

  1. Journal
• Accounting book in which are recorded the

  credits and debits of commercial transactions

  1. ledger
• What is a stock of a product which is held by a

  trade body or government as a means of

  regulating the price of that product

  1. Buffer stock
• An annuity where the payments are made at the

  beginning of each period

  • Annuity due
• What is the factor (A/F,I %, n)

  1. Sinking fund capital
• What is the factor (A/F, I %,n)

  1. Sinking fund factor
• The residual value of a company’s assets after all

  outside liabilities have been allowed for

  1. Equity
• What is work-in process classified as

  1. An asset
• The alternate banking delivery channels are

  1. SMS banking