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Economic Institutions Quiz 1 (25 MCQs)

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1. What are the benefits associated with taking out a payday loan?
2. Currently how many members are in the IBRD?
3. The governing body of the society.
4. The following are Government-Owned and Controlled Corporations EXCEPT
5. This is a type of reciprocity that refers to an exchange that incurs no calculation of value or immediate repayment of the goods or services.
6. Which of the following bank was once a building society?
7. Which is at the opposite end of the political spectrum from democracy?
8. The exchange of goods or services, with or without money.
9. Police Stations and Fire Stations are considered to be
10. An organized political community living under a single system of government.
11. Where is the headquarters of BRICS New Development Bank situated?
12. The exchange of goods and services through a market.
13. System of private ownership and enterprise that acts based on their own private and self-interest .
14. What are payday loans
15. What type of practice was exemplified by Microsoft Corporation's insistence that manufacturers include only its Internet browser on their computers?
16. He identified the 3 forms of reciprocity.
17. The environmental lobby best exemplifies a(n) _____
18. A direct exchange of goods or services
19. The factors of production are owned by the government, which regulates economic activity.
20. What country was the center of European trading in the 11th century?
21. How much is each depositor insured for in a commercial savings account?
22. A central authority usually has the privilege and responsibility to make decisions about the goods or money later will be reallocated among the group as a whole.
23. The role of the World Trade Organisation (WTO) is
24. Type of loan that was created for purchasers to be able to make home ownership more attainable.
25. A very important non-state institution that regulates the flow of the people's flow of money.
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