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726
The direct exchange of one goods for another without the use of money is known as
  • A. foreign exchange
  • B. exchange rate
  • C. expenditure rate
  • D. barter
View Answer & Discuss WAEC 2005
727
Acceptability, durability, homogeneity and portability are all attributes of good
  • A. markets
  • B. money
  • C. banks
  • D. government
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728
The term demand for money means
  • A. desire to borrow money from people
  • B. desire of an individual to invest all his money in projects
  • C. willingness of people to hold money
  • D. wilingness of people to keep all their resources in assets
View Answer & Discuss WAEC 2005
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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729
A persistent and appreciable rise in the general level of price is known as
  • A. depreciation
  • B. inflation
  • C. deflation
  • D. production
View Answer & Discuss WAEC 2005
730
A commercial banks deposits are
  • A. liabilities
  • B. assets
  • C. capital
  • D. cash at hand
View Answer & Discuss (1) WAEC 2005
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