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1031

Cost push inflation is caused by a

  • A. rise in the cost of production
  • B. decrease in the transportation cost
  • C. rise in demand for goods
  • D. decrease in the cost of production
View Answer & Discuss WAEC 2011
1032

Deposit held in a commercial bank are part of

  • A. money supply
  • B. transfer payments
  • C. ordinary shares
  • D. treasury bills
View Answer & Discuss (1) WAEC 2011
1033

One profitable form of business undertaken by the commercial banks is

  • A. the issuing of cheques
  • B. the payment of standing order
  • C. lending money to borrowers
  • D. accepting cheques from customers
View Answer & Discuss (1) WAEC 2011
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1034

When governments wants to discourage consumption, they tax goods whose demand is

  • A. price inelastic
  • B. abnormal in nature
  • C. price elastic
  • D. normal in nature
View Answer & Discuss (4) WAEC 2011
1035

A rise in government expenditure can lead to

  • A. higher inflation
  • B. higher unemployment
  • C. lower profits for industries
  • D. lower importation of raw materials by industries
View Answer & Discuss (1) WAEC 2011
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