by Sunday | Jan 2 | Economics WAEC
A. only taxation to control aggregate demand B. bank rate to influence lending C. only government expenditure to regulate an economy D. government revenue and expenditure to regulate an economy Correct Answer: Option D – government revenue and expenditure to...
by Sunday | Jan 2 | Economics WAEC
A. many banks will shut down their operations B. customers will borrow more from banks C. the supply of money may be reduced D. interest charges by banks will fall Correct Answer: Option C – the supply of money may be reduced Explanation A rise in the bank rate...
by Sunday | Jan 2 | Economics WAEC
A. lend on short-term basis B. pay interest on current accounts only C. are mostly joint-stock companies D. do not deal in foreign currencies Correct Answer: Option D – do not deal in foreign currencies Explanation Commercial bank is the bank organized to...
by Sunday | Jan 2 | Economics WAEC
A. save more money B. spend more money C. give out more loans D. spend less money Correct Answer: Option B – spend more money Explanation Anticipated inflation occurs when people know inflation is going to occur and prepare for it. For example, increased...
by Sunday | Jan 2 | Economics WAEC
A. unlimited liability B. limited liability C. lack of continuity when a shareholder dies D. limited control in management by shareholders Correct Answer: Option D – limited control in management by shareholders Explanation The owners of the business (...
by Sunday | Jan 2 | Economics WAEC
A. currency note B. mobile money C. cheques D. silver Correct Answer: Option D – silver Explanation Commodity money are money who has value has money and commodity e.g. gold, silver coin, diamond, cattle, bead...
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