by Sunday | Aug 5 | Economics WAEC
A. Commercial banks B. Merchant banks C. Mortgage banks D. Central banks E. Agricultural development banks Correct Answer: Option D – Central banks
by Sunday | Aug 5 | Economics WAEC
A. a favourable climate B. coal deposits C. oil palm products D. an undulating terrain E. oil deposits Correct Answer: Option E – oil deposits
by Sunday | Aug 5 | Economics WAEC
A. marginal cost B. inferior item C. opportunity cost D. supplementary item E. prime cost Correct Answer: Option C – opportunity cost
by Sunday | Aug 5 | Economics WAEC
A. poor communication network B. inadequate storage facilities C. ignorance of consumers D. Dishonesty of middlemen E. inadequate market Correct Answer: Option C – ignorance of consumers
by Sunday | Aug 5 | Economics WAEC
A. is responsible for formulating monetary policies B. accepts demand and time deposits from customers C. is the lender of the last resort D. is the banker of the government E. is responsible for issuing currency notes Correct Answer: Option B – accepts demand...
by Sunday | Aug 5 | Economics WAEC
A. allowance for total depreciation B. total interest payment C. net income from abroad D. total tax and interest payment E. net internally generated income Correct Answer: Option C – net income from abroad