WAEC Economics Past Questions & Answers - Page 293

1,461.

Near Money is made up of

A.

Very liquid asset which can be easily converted into money

B.

Currency in circulation and demand deposit

C.

Note and coins

D.

Fixed assets which cannot be converted into money

E.

The total money supplied in the economy

Correct answer is A

No explanation has been provided for this answer.

1,462.

A stockholder partakes of the profit of a l8imited liability business by receiving

A.

Shares

B.

Profit

C.

Wages and salaries

D.

Dividends

E.

Gifts

Correct answer is D

No explanation has been provided for this answer.

1,463.

Which of the following does not increase the population of country

A.

An increase in birth rate

B.

A decrease in death rate

C.

Emigration

D.

Immigration

E.

Early marriage

Correct answer is C

No explanation has been provided for this answer.

1,464.

Money as a unit of account implies that it can be

A.

Counted in units

B.

Use to facilitate exchange

C.

Used to measure the value of goods and services

D.

Used to store goods and services

E.

Used for future payment

Correct answer is C

No explanation has been provided for this answer.

1,465.

If the price of margarine rises substantially, the equilibrium price and quantity of butter demand will

A.

Decrease

B.

Increase

C.

Remain constant

D.

Fluctuate

E.

Be inelastic

Correct answer is B

No explanation has been provided for this answer.