WAEC Past Questions and Answers - Page 3380

16,896.

A certain amount of money is needed for everyday expenditure like buying of goods, transportation and others. This is

A.

Transaction demand for money

B.

Precautionary demand for money

C.

Derived demand for money

D.

Speculative demand for money

Correct answer is A

No explanation has been provided for this answer.

16,897.

The most important quality of money is that it must be

A.

Relatively scarce

B.

Generally acceptable

C.

Portable

D.

Durable

Correct answer is B

No explanation has been provided for this answer.

16,898.

To promote the development of agricultural sector, government of West African countries should

A.

Encourage rural-urban drift

B.

Discourage foreign investment in agriculture

C.

Support the marketing of farm produce

D.

Reduce tarrif of food imports

Correct answer is C

No explanation has been provided for this answer.

16,899.

An example of a producer goods is  a

A.

Tin of milk

B.

Hammer

C.

Loaf of bread

D.

Shirt

Correct answer is B

No explanation has been provided for this answer.

16,900.

A negative effect of the presence of a large number of middlemen in the distributive network is

A.

Greater variety of goods

B.

Greater quality of goods

C.

Lower price of goods

D.

Higher price of goods

Correct answer is D

No explanation has been provided for this answer.