by Sunday | Aug 8 | Economics WAEC
A. Wages and salaries of public servants B. Student’s grants and scholarships C. Profits of companies D. Income earned by self-employed persons such as lawyers E. Rents on property Correct Answer: Option B – Student’s grants and...
by Sunday | Aug 8 | Economics WAEC
A. consumer income B. the price of goods C. consumers taste D. the price of other goods E. population Correct Answer: Option B – the price of goods
by Sunday | Aug 8 | Economics WAEC
A. Production B. Exchange C. Hoarding D. Distribution E. Investment Correct Answer: Option D – Distribution
by Sunday | Aug 8 | Economics WAEC
A. a reduction in the value of the National currency B. a reduction in the purchasing power of the foreign currency C. a reduction in the value of the domestic currency relative to foreign currencies D. an increase in the value of the national currency E. a decrease...
by Sunday | Aug 8 | Economics WAEC
A. the Central Banks purchases and sells securities B. Commercial Banks purchases and sells securities C. business firms buy raw materials freely D. households buys consumer goods openly E. the money market takes over the function of the Central Banks Correct Answer:...
by Sunday | Aug 8 | Economics WAEC
A. rate of interest B. general price level C. quantity of money in circulation D. level of economic development E. weight of the currency notes and coins Correct Answer: Option B – general price level