1-10: dbdbbaabda
11-20: dbbbabcccb
21-30: dbddbdbcba
31-40: cbddbccbab
41-50: cdbabbccda


i) they are owned by two or more persons
ii) membership is open to those who fulfill certain conditions
iii) they apply the principles of democracy
iv) they hold meetings at regular interval

ii) borrowing
iii) merging of firms
iv) loans and overdraft

Value of money: the value of money is define as the quantity of goods and services which a given amount of money can buy. in another word, the value of money refers to the purchasing power of money

4b) Quality of money are:
i) portability
ii) homogenity
iii) durability
iv) stability

i) Transactionary motives: this is desire to keep money for day to day transaction
ii) Precautionary motives: this is when people demand for money in other to meet up with unforseen circumstances or unexpected expenditure
iiii) Speculative motive: This motive is specificially a businees motives and refers to the desire to hold cash balance in other to embark on speculative dealing in the bond market.

(12a) Tabulate
Commercial bank -(1)provide short term loan
(2) render personal service such as keeping jewleries and wills
(3) do not carry eqipment leasing
(4) accept deosit from all categories of people

MERCHANT BANKS -(1) provide medium and long term loan
(2) render co operate financial services
(3) undertake equiment leasing
(4) accept only large deposit they act as advisers to companies in areas to invest

iV) they under write new issues of shares

(9a) minImum wage is the minimum amount workers must earn.

money wage is also called norminal wage, it is the total amount of money paid to all labourer at a particular period of time while real wage refers to the total amount or quantity of goods and services the labour can use is money to buy

i) Differences in cost of training : training cost a lot of money to train professionals
ii) differences in period of training : some profession attract longer period of training
iii) skill needed at work : some professions that require special skills during training tend to have higher wages
iv) forces of supply and demands: when the demands for a particular labour is high than the supply, such labour tends to receive higher wages.

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