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Economics
WAEC 1992
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
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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