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976

The best way of combating demand-pull inflation is to

  • A. increase income taxes
  • B. reduce income taxes
  • C. increase import duties
  • D. increase salaries and wages
View Answer & Discuss WAEC 2010
977

In which of the following ways has inflation adversely affected your country’s economy?

  • A. increase in money supply
  • B. a fall in real income
  • C. appreciation in the value of money
  • D. increased employment
View Answer & Discuss WAEC 2010
978

Which of the following is a legal tender?

  • A. bank notes
  • B. bank overdrafts
  • C. bills of exchange
  • D. money order
View Answer & Discuss (1) WAEC 2010
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979

The Central Bank controls money supply through all the following except

  • A. lending to the publics
  • B. bank rate
  • C. legal reserve requirements
  • D. open market operation
View Answer & Discuss WAEC 2010
980

One of the functions of the Central Bank is

  • A. production of goods
  • B. issuing of currency
  • C. presenting budgets
  • D. printing of cheque books
View Answer & Discuss WAEC 2010
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