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Economics Past Questions and Answers

Waec Economics Questions

Question 626:

In a public corporation , the risks of business are borne by the

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A Workers
B Tax payers
C Board members
D Treasury

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Question 627:

One of the function of money is

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A Double coincidence of wants
B Unit of accounts
C Indivisibility
D Making payment through banks only

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Question 628:

Money is demanded for which of the following reasons?

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A To meet unforseen contigencies
B To solve the problem of inflation
C It is easily divisible
D It is portable

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Question 629:

The quantity theory of money states that a reduction in the quantity of money in circulation would bring about

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A A geometrical fall in prices
B A proportionate fall in prices
C A rise in prices
D An unequal fall in prices

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Question 630:

which of the following is the most liquid asset?

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A Bank notes
B Silver
C Bank deposit
D Cheques

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