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1966

Money is demanded for which of the following reasons?

  • A. to meet unforseen contigencies
  • B. to solve the problem of inflation
  • C. it is easily divisible
  • D. it is portable
View Answer & Discuss (1) WAEC 2001
1967
The quantity theory of money states that a reduction in the quantity of money in circulation would bring about
  • A. a geometrical fall in prices
  • B. a proportionate fall in prices
  • C. a rise in prices
  • D. an unequal fall in prices
View Answer & Discuss WAEC 2001
1968
which of the following is the most liquid asset?
  • A. Bank notes
  • B. Silver
  • C. Bank deposit
  • D. cheques
View Answer & Discuss (2) WAEC 2001
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1969
The situation in which there is persistent fall in the general price level is referred to as
  • A. devaluation
  • B. depreciation
  • C. deflation
  • D. inflation
View Answer & Discuss WAEC 2001
1970
commercial banks settle their daily interbank indebtedness through the
  • A. money market
  • B. finance House
  • C. acceptance house
  • D. Clearing House
View Answer & Discuss (2) WAEC 2001
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