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Classwork Exercise and Series (Economics-SS3): Elementary Theory Of Income Determination (II)

The circular flow of income circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents The flows of money and goods exchanges in a closed circuit and correspond in value, but run in the opposite direction. The circular flow

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Classwork Exercise and Series (Economics- SS3): Commercial Banks

Definition of a bank A bank is a financial institution licensed as a receiver of deposits. It is a commercial institution that performs financial activities. A bank is also an institution that creates money and give out loans to people. It is a place where money and other valuables are kept. Meaning of commercial banks

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Amazing! Chiamaka Loretta Nwajiaku Wins The 2015 NSE Essay Competition

Miss Chiamaka Loretta Nwajiaku from the Sacred Heart College, Apapa, Lagos, clinched the first position at the award ceremony of the 2015 NSE Essay Competition, held at the Civic Centre  today, November 24, 2015, ahead of over 4,000 participants across the country, winning N500,000 scholarship fund for university education, N250,000 equity investment and a laptop.

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