WAEC Past Questions and Answers - Page 3804

19,016.

The indicator of the value of money in the market is the

A.

The general price level

B.

Effective supply

C.

The equilibrium price

D.

Effective demand

E.

Consumer income

Correct answer is A

No explanation has been provided for this answer.

19,017.

What is the correct term for this group of exports: tractor, televisions, components, drugs and cars?

A.

Current account items

B.

Visible exports

C.

Capital account items

D.

Invisible exports

E.

Visible imports

Correct answer is B

No explanation has been provided for this answer.

19,018.

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.

19,019.

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.

19,020.

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.