by Sunday | Nov 8 | Economics WAEC
A. need to direct economic development of the country towards the desired direction B. desire to ensure sustained cultural development of the country C. desire to widen the gap between developing countries and the developed world D. management of scarce resources in...
by Sunday | Nov 8 | Economics WAEC
A. demand deposit B. fixed deposit C. cash ratio D. moral suasion Correct Answer: Option A A. demand deposit Explanation Demand deposit:- is a deposit of money that can be withdrawn without prior notice, e.g. in a current account. A demand deposit is money that you...
by Sunday | Nov 8 | Economics WAEC
A. treasury bills B. traveller’s cheque C. foreign currencies D. new shares Correct Answer: Option D D. new shares Explanation In financial markets, a share is a unit used as mutual funds, limited partnerships, and real estate investment trusts. The owner of...
by Sunday | Nov 8 | Economics WAEC
A. firm that sells a set of closely related commodities A. industrial concern that is into production and selling of goods B. a factory that produces different lines of product C. a group of firms that sells a closely related set of products Correct Answer: Option C...
by Sunday | Nov 8 | Economics WAEC
A. trade sector B. tertiary sector C. primary sector D. secondary sector Correct Answer: Option C C. primary sector Explanation Primary sector:- the sector of the economy concerned with or relating to primary industry. Examples include mining, quarrying, farming,...
by Sunday | Nov 8 | Economics WAEC
A. money in the vaults of commercial banks B. currency and coins in circulation C. money with face value higher than its material content D. coins and notes made of poor quality material Correct Answer: Option C C. money with face value higher than its material...