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161
Money as a unit of account implies that it can be
  • A. counted in units
  • B. use to facilitate exchange
  • C. used to measure the value of goods and services
  • D. used to store goods and services
  • E. used for future payment
View Answer & Discuss (3) WAEC 1992
162
which of the following does not increase the population of country
  • A. an increase in birth rate
  • B. a decrease in death rate
  • C. emigration
  • D. immigration
  • E. Early marriage
View Answer & Discuss WAEC 1992
163
A stockholder partakes of the profit of a l8imited liability business by receiving
  • A. shares
  • B. profit
  • C. wages and salaries
  • D. dividends
  • E. gifts
View Answer & Discuss WAEC 1992
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164
Near Money is made up of
  • A. very liquid asset which can be easily converted into money
  • B. currency in circulation and demand deposit
  • C. note and coins
  • D. fixed assets which cannot be converted into money
  • E. the total money supplied in the economy
View Answer & Discuss WAEC 1992
165
Which of the following is not characteristics of a perfect competition ?
  • A. many sellers and buyers are in the market
  • B. there is perfect knowledge of the market situation
  • C. supply and demand are equal
  • D. there is no discrimination
  • E. Products are identical
View Answer & Discuss (1) WAEC 1992
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