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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
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81
which of the financial institutions cannot direct tax loans to individuals?
  • A. The agricultural bank
  • B. The Industrial bank
  • C. The central bank
  • D. The Co-operative bank
  • E. The Standard bank
View Answer & Discuss (2) JAMB 1979
82
An ad valorem tax means
  • A. total amount of an income tax
  • B. a certain percentage on the value of a commodity
  • C. a certain percentage tax on the volume of commodity
  • D. a tax on capital gain
  • E. a profit tax
View Answer & Discuss (3) JAMB 1979
83
The foreign exchange rate of a country is
  • A. the interest rate fixed by the central bank
  • B. the price of one national currency in terms of another
  • C. the rate at which the central bank issues money
  • D. the rate of interest on government bonds
  • E. None of the above
View Answer & Discuss (1) JAMB 1979
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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84
The 'terms of trade' means
  • A. the trade agreement between two countries
  • B. the difference in the volumes of exports of two countries
  • C. the value of a unit of export in relation to the value of a unit of import
  • D. the production of total value of exports to the value of total trade
  • E. None of the above
View Answer & Discuss (4) JAMB 1979
85
Which is the most liquid of the following financial assets held by an individual?
  • A. Outstanding balance on the current account of a commercial bank
  • B. A credit balance on a savings account
  • C. A crossed postal order
  • D. An insurance policy
  • E. All of the above
View Answer & Discuss (3) JAMB 1979
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts