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Economics 2001 WAEC Past Questions

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26
The reward for a shareholdership of a company is
  • A. wages
  • B. interest
  • C. dividends
  • D. profit
View Answer & Discuss WAEC 2001
27
In a public corporation , the risks of business are borne by the
  • A. workers
  • B. tax payers
  • C. board members
  • D. treasury
View Answer & Discuss WAEC 2001
28
One of the function of money is
  • A. double coincidence of wants
  • B. unit of accounts
  • C. indivisibility
  • D. making payment through banks only
View Answer & Discuss WAEC 2001
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29

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
30
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
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