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2066
Precautionary motive relates to
  • A. demand for money
  • B. demands for goods
  • C. supply of money
  • D. supply of goods
View Answer & Discuss WAEC 2003
2067
Invisible trade refers to trade in
  • A. services
  • B. goods and services
  • C. tangible goods
  • D. crude oil
View Answer & Discuss WAEC 2003
2068
When the demand for foreign exchange exceeds its supply, the value of the domestic currency
  • A. appreciates
  • B. depreciates
  • C. inflates
  • D. expands
View Answer & Discuss WAEC 2003
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2069
Which of the following is part of the capital account of the balance of payments?
  • A. Net investment from abroad
  • B. import of machinery
  • C. insurance
  • D. transportation cost
View Answer & Discuss (1) WAEC 2003
2070
The most common index for measuring developments is
  • A. the level of illiteracy
  • B. the per capita income
  • C. nutritional level
  • D. population growth rate
View Answer & Discuss WAEC 2003
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