WAEC Past Questions and Answers - Page 3624

18,116.

One quality of money which makes it possible to be carried easily is its

A.

Scarcity

B.

Durability

C.

Portability

D.

Acceptability

Correct answer is C

No explanation has been provided for this answer.

18,117.

In a socialist economy, factors of production are owned and controlled by the

A.

Citizens

B.

Businessmen

C.

Government

D.

Foreigners

Correct answer is C

No explanation has been provided for this answer.

18,118.

The situation where by a government spends more than its budgets for a fiscal year is known as

A.

Extra budget

B.

Surplus budget

C.

Mid-year budget

D.

Deficit budget

Correct answer is D

No explanation has been provided for this answer.

18,119.

Mortgage banks give loan to investors on long term basis to

A.

Finance agriculture

B.

Establish banks

C.

Acquire machinery

D.

Build houses

Correct answer is D

No explanation has been provided for this answer.

18,120.

Deflation can be controlled by increase in

A.

The bank rate

B.

Income tax

C.

The price level

D.

The budget deficit

Correct answer is C

No explanation has been provided for this answer.