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361
The developments banks are essentially different from commercial banks because they
  • A. medium and long term loans
  • B. open current accounts for their customers
  • C. discount bills of exchange
  • D. are lenders of last resort
  • E. carry out open market operations
View Answer & Discuss WAEC 1997
362
The outward shift to the production possibility curve could be due to
  • A. military conquest
  • B. increased money supply
  • C. inflation
  • D. economic growth
  • E. massive importation
View Answer & Discuss WAEC 1997
363
which of the following is not true of a firm in equilibrium condition in perfect competition?
  • A. MC is rising
  • B. MC curves cuts AC curves from below
  • C. MR>AR
  • D. MC = AC
  • E. MR = AR
View Answer & Discuss WAEC 1997
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364
Hoarding in distributive trade leads to
  • A. non-availabilty of commodities
  • B. production of inferior goods
  • C. increase in the supply of goods
  • D. decrease in the supply of goods
  • E. artificial scarcity of goods
View Answer & Discuss WAEC 1997
365
Hoarding in distributive trade leads to
  • A. non-availabilty of commodities
  • B. production of inferior goods
  • C. increase in the supply of goods
  • D. decrease in the supply of goods
  • E. artificial scarcity of goods
View Answer & Discuss (1) WAEC 1997
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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