WAEC Past Questions and Answers - Page 3805

19,021.

All the following are sources of finance to a Joint Stock Company except

A.

Bank loans

B.

Equity shares

C.

Debentures

D.

Preference shares

E.

Cooperative thrift

Correct answer is E

No explanation has been provided for this answer.

19,022.

Money supply at any given point in time is referred to as

A.

Bank notes, coins and demand deposits

B.

Notes and coins only

C.

Minted money

D.

Hoarded money

E.

Money received as gifts

Correct answer is A

No explanation has been provided for this answer.

19,023.

In Economics, market is defined as

A.

A place where buyers and sellers come together to exchange goods

B.

Any agreement made for consumers to buy all they need

C.

Any arrangement made for producers to sell all their goods

D.

Any arrangement where by buyers and sellers are in close touch with one another

E.

A place where only consumer goods are sold

Correct answer is D

No explanation has been provided for this answer.

19,024.

An inflation in which the price rises steadily at an average rate of about 2% per annum is best described as

A.

Galloping

B.

Induced

C.

Creeping

D.

Suppressed

E.

Run-away

Correct answer is C

No explanation has been provided for this answer.

19,025.

The greatest disadvantages of barter system is the need for

A.

Durability

B.

Divisibility

C.

Homogeneity

D.

Double coincidence of wants

E.

Portability

Correct answer is D

No explanation has been provided for this answer.