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Economics Past Questions and Answers

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Waec Economics Questions

Question 691:
WAEC 2002
Which of the following is a function of merchant banks?
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  • A Minting of coins
  • B Preparation of government budget
  • C Keeping watch on external reserves of the country
  • D Acting as acceptance houses
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Question 692:
WAEC 2002
personal savings are generally low in West Africa because of
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  • A The level of income of people
  • B The refusal of banks to grant loans
  • C Overpopulation
  • D Cheaper foreign currencies
View Answer & Explanation
Question 693:
WAEC 2002
Which business organization enjoys tax-free point in est Africa?
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  • A Co-operative societies
  • B Private limited liability companies
  • C Joint stock companies
  • D Partnerships
View Answer & Explanation
Question 694:
WAEC 2002
The greatest revenue earning industry in Nigeria is
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  • A Construction
  • B Agriculture
  • C Manufacturing
  • D Mining
View Answer & Explanation
Question 695:
WAEC 2002
A market equilibrium exist when
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  • A No buyer goes home empty-handed
  • B Demand and supply are increasing
  • C Demand and supply are equal
  • D The price is fluctuating
View Answer & Explanation

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