by Sunday | Nov 8 | Economics WAEC
A. reduce the cost of borrowing B. buy securities in the open market C. adopt a restrictive monetary policy D. discourage savings Correct Answer: Option C C. adopt a restrictive monetary policy Explanation One popular method of controlling inflation is through a...
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moral suasion Correct Answer: Option A A. demand deposit Explanation Demand deposit:- is a deposit of money that can be withdrawn without prior notice, e.g. in a current account.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...