by Sunday | Nov 7 | Economics WAEC
A. new and second-hand shares B. debentures C. goods and services D. short terms securities Correct Answer: Option A A. new and second-hand shares Explanation The stock market refers to the collection of markets and exchanges where regular activities of buying,...
by Sunday | Nov 7 | Economics WAEC
A. commercial bank B. mortgage bank C. stock exchange D. Agricultural bank Correct Answer: Option D D. Agricultural bank Explanation Agricultural bank; a type of bank that lends money to farmers for longer periods of time and charges them less interest than other...
by Sunday | Nov 7 | Economics WAEC
A. there is an increase in banking lending B. there is an increase in subsidies C. stock exchange D. rise in the cost of production. Correct Answer: Option D D. rise in the cost of production. Explanation Cost-push inflation is inflation caused by an increase in...
by Sunday | Nov 7 | Economics WAEC
A. rise B. flunctuate C. remain constant D. fall Correct Answer: Option D D. fall Explanation Inflation is simply a market condition where plenty of money is used to pay for fewer goods. when there is excess money in circulation in the economy, it can lead to...
by Sunday | Nov 7 | Economics WAEC
A. printed by the government B. a store of value C. signed by the head of state D. backed by law Correct Answer: Option D D. backed by law Explanation National banknotes are generally legal tender, meaning that the medium of payment is allowed by law or recognized by...
by Sunday | Nov 7 | Economics WAEC
A. wages and salary B. government purchases C. interest D. dividend Correct Answer: Option B B. government purchases Explanation The Income Method measures national income from the side of payments made to the primary factors of production in the form of rent, wages,...