WAEC Economics Past Questions & Answers - Page 284

1,416.

Which of the following is not appropriate in calculating national income figures?

A.

Output method

B.

Income method

C.

Expenditure method

D.

Value added method

E.

Depreciation method

Correct answer is E

No explanation has been provided for this answer.

1,417.

Which of the following is not a function of money?

A.

Store of values

B.

Unit of accounts

C.

Measures of value

D.

Standard for deferred payment

E.

Stability in value

Correct answer is E

No explanation has been provided for this answer.

1,418.

Data presented in table are usually arranged in

A.

Charts and tables

B.

Rows and columns

C.

Graphs and rows

D.

Pictograms and columns

E.

Maps and pie charts

Correct answer is B

No explanation has been provided for this answer.

1,419.

All the following are sources of finance to a Joint Stock Company except

A.

Bank loans

B.

Equity shares

C.

Debentures

D.

Preference shares

E.

Cooperative thrift

Correct answer is E

No explanation has been provided for this answer.

1,420.

Money supply at any given point in time is referred to as

A.

Bank notes, coins and demand deposits

B.

Notes and coins only

C.

Minted money

D.

Hoarded money

E.

Money received as gifts

Correct answer is A

No explanation has been provided for this answer.