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Economics 1992 WAEC Past Questions

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16
A stockholder partakes of the profit of a l8imited liability business by receiving
  • A. shares
  • B. profit
  • C. wages and salaries
  • D. dividends
  • E. gifts
View Answer & Discuss WAEC 1992
17
Near Money is made up of
  • A. very liquid asset which can be easily converted into money
  • B. currency in circulation and demand deposit
  • C. note and coins
  • D. fixed assets which cannot be converted into money
  • E. the total money supplied in the economy
View Answer & Discuss WAEC 1992
18
Which of the following is not characteristics of a perfect competition ?
  • A. many sellers and buyers are in the market
  • B. there is perfect knowledge of the market situation
  • C. supply and demand are equal
  • D. there is no discrimination
  • E. Products are identical
View Answer & Discuss (1) WAEC 1992
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19
Which of the following is not a negative effect of inflation
  • A. Lenders earn less
  • B. Pensioneers and salary earners on fixed income suffer
  • C. Exports tends to decline
  • D. Savings are discouraged
  • E. Borrowers tends to gain
View Answer & Discuss WAEC 1992
20
Which of the following is not function of central bank
  • A. Banker to the Government
  • B. Banker's bank
  • C. Acceptance of deposit from the public
  • D. Responsibility for monetary policy
  • E. Lenders of last resort
View Answer & Discuss (1) WAEC 1992
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