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1356

In national income accounting, the term ''net'' is used to indicate that a value-----

  • A. includes income of foreigners
  • B. includes income of citizens
  • C. includes depreciation
  • D. excludes depreciation
View Answer & Discuss (1) WAEC 2015
1357

which of the following best describes token money?

  • A. money in the vaults of commercial banks
  • B. currency and coins in circulation
  • C. money with face value higher than its material content
  • D. coins and notes made of poor quality material
View Answer & Discuss WAEC 2015
1358

In developing countries, a larger percentage of the labour force is employed in the

  • A. trade sector
  • B. tertiary sector
  • C. primary sector
  • D. secondary sector
View Answer & Discuss WAEC 2015
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1359

An industry is best described as 

  • A. firm that sells a set of closely related commodities
  • B. a factory that produces different lines of product
  • C. a group of firms that sells a closely related set of products
  • D. industrial concern that is into production and selling of goods
View Answer & Discuss (5) WAEC 2015
1360

The main item traded on a stock exchange market is 

  • A. treasury bills
  • B. travellers cheque
  • C. foreign currencies
  • D. new shares
View Answer & Discuss WAEC 2015
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