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1951
Which of the following is not a means of controlling credit by the Central Bank?
  • A. Fixing the bank rate
  • B. Open market operations
  • C. Clearing inter-bank indebtedness
  • D. Special deposits
  • E. Cashliquidity ratio
View Answer & Discuss WAEC 1998
1952
Which of the following is not a function of Development Banks?
  • A. Give long-term loans
  • B. invest directly into Agriculture
  • C. Issue currency notes
  • D. Give technical advice to investors
  • E. Embark on priority projects of governments
View Answer & Discuss WAEC 1998
1953
Which of the following is an example of insurable risk?
  • A. Change in consumer's taste
  • B. The probability of a third world war
  • C. Flood resulting from excessive rain in a year
  • D. The death of a business partner
  • E. Loss due to change in fashion
View Answer & Discuss WAEC 1998
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1954
If Mr Olu insures Mr Obi's house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of
  • A. utmost good faith
  • B. subrogation
  • C. insurable interest
  • D. indemnity
  • E. contribution
View Answer & Discuss (1) WAEC 1998
1955
Which of the following shows the quality of money
  • A. Ability to represent both small and large values
  • B. Used for deffered payments
  • C. Used as a unit for account
  • D. Facilitating exchange
  • E. Serving as a store of wealth
View Answer & Discuss WAEC 1998
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