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66
The value of money is generally measured in reference to
  • A. the interest rate charged on bank loans
  • B. the general price level
  • C. the size of countries gold stock
  • D. the level of economic development in a country
  • E. the price of stocks and shareson the stock exchange
View Answer & Discuss JAMB 1979
67
If the quantity demanded of a commodity increases from 20 to 30 when there is an increase in price from N4 to N5, the elasticity of demand is
  • A. zero
  • B. 1
  • C. 2
  • D. 5
  • E. 10
View Answer & Discuss (14) JAMB 1979
68
The total value of goods and services sold and bought in a country across its border during a given period, usually a year is known as
  • A. visible trade
  • B. invisible trade
  • C. balance of payments
  • D. balance of trade
  • E. terms of trade
View Answer & Discuss (7) JAMB 1979
WAEC offline past questions - with all answers and explanations in one app - Download for free
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
69

Which of the following type of capital is not rewarded by means of dividends?

  • A. Ordinary shares
  • B. Preference shares
  • C. cummulative shares
  • D. participating preference shares
  • E. debentures
View Answer & Discuss (4) JAMB 1979
70
Which of these is not usually the function of a wholesaler?
  • A. Transport
  • B. Storage
  • C. Advertising
  • D. After-sale services
  • E. Branding
View Answer & Discuss (11) JAMB 1979
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