WAEC Past Questions and Answers - Page 3389

16,941.

The tendency for prices to rise while the value of money fall is known as

A.

Bills of exchange

B.

Inflation

C.

Depreciation

D.

Deflation

Correct answer is B

No explanation has been provided for this answer.

16,942.

The policy of government to increase the supply of money to meet its own expenditure plans is likely to be

A.

Speculative

B.

Deflationary

C.

Inflationary

D.

Contractionary

Correct answer is C

No explanation has been provided for this answer.

16,943.

Which of the following is a legal tender in West Africa?

A.

Treasury Bill

B.

Share

C.

Credit card

D.

Currency

Correct answer is D

No explanation has been provided for this answer.

16,944.

The equilibrium level of output of a monopolist is determined at a point where 

A.

Marginal cost equals average revenue

B.

Marginal cost equals acerage cost

C.

Marginal cost equals marginal revenue

D.

Marginal revenue equals average cost

Correct answer is C

No explanation has been provided for this answer.

16,945.

The diagram below is an illustration of the longitudinal section of a mammalian organ. Study it and answer this question.

Which of the labeled parts is the cortex?

A.

I

B.

II

C.

III

D.

IV

Correct answer is D

No explanation has been provided for this answer.