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CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY It has already been stated that money is a common denomination in which the rate relative value of goods and services can be expressed. Throughout history any community which form itself into a nation for the purpose of self-government immediately introduce its own distinctive unit of account –monetary unit of account (Legal tender) In the words or (Obaseki 2011) “ in the international reaches ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY Some of the authority classify as state banks, private banks and public banks. Other classifies banks into commercial banks, development banks, community banks and peoples banks. However, the people’s banks of Nigeria, the Nigerian agricultural and co-operative banks and other family economic advancement programme (FEAP), have been merged into a new development bank known as the Nigerian Agricultural and Rural Development Bank (NARDB). ...

CHAPTER ONE INTRODUCTION. 1.1    BACKGROUND OF THE STUDY Inflation has been a purpose facing many countries of the world especially the developing countries. It started during the early 60s, which results to the incorporation of economic policies as measures to reduce the effect of the inflation in the economy. And most of these measures taken by developing countries to check the problem of inflation are in the form of the use ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY It has already been stated that money is a common denomination in which the rate relative value of goods and services can be expressed. Throughout history any community which form itself into a nation for the purpose of self-government immediately introduce its own distinctive unit of account –monetary unit of account (Legal tender) In the words or (Obaseki 2011) “ in the ...