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Economics 2004 WAEC Past Questions

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26
The market consisting of a network of dealers where currencies can be bought and sold is known as
  • A. capital market
  • B. foreign exchange market
  • C. commodity market
  • D. the stock market
View Answer & Discuss WAEC 2004
27
Open Market Operation (OMO) means the
  • A. provision of credit facilities by commercial banks
  • B. provision of credit facilities by the mortgage banks
  • C. buying and selling of government securities by the central banks
  • D. procedure for the establishment of commercial banks
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28
which of the following is an advantage of localization of industry?
  • A. development of subsidiary firms
  • B. creation of paralell markets
  • C. developments of slums
  • D. atrraction of foreign capital
View Answer & Discuss WAEC 2004
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29
which of the following will ensure efficiency in the in the industrial sector of your country?
  • A. indigenization
  • B. privatisation
  • C. nationalization
  • D. liquidation
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30
The number of people who are qualified to work and who offer themselves for employment are called
  • A. migrant labour
  • B. working population
  • C. labour turnover
  • D. mobility of labour
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