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2806
Which of the following is a function of money?
  • A. Medium of Communication
  • B. Measure of securities
  • C. Store of Wealth
  • D. Discounting bills of exchange
View Answer & Discuss (6) WAEC 2013
2807

Which of the following is an asset of a commercial bank?

  • A. Reserve funds
  • B. Shareholders capital
  • C. Customers' deposits
  • D. Treasury bills
View Answer & Discuss (5) WAEC 2013
2808

An increase in the supply of a commodity X automatically results in an increase in the supply of another commodity Y. This is a cause of

  • A. elastic supply
  • B. joint supply
  • C. exceptional supply
  • D. competitive supply
View Answer & Discuss WAEC 2013
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2809

Why would an individual increase his level of consumption during inflationary periods?

  • A. The real value of any amount saved falls over time
  • B. Interest rates are generally low
  • C. There are varieties of goods to buy
  • D. Wages and salaries stagnate during inflation
View Answer & Discuss WAEC 2013
2810
The type of monopoly that develops as a result of uneven distribution of resources is called
  • A. legal monopoly
  • B. natural monopoly
  • C. state monopoly
  • D. international monopoly
View Answer & Discuss (3) WAEC 2013
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