2011 - WAEC Economics Past Questions and Answers - page 5
41
Deposit held in a commercial bank are part of
A
money supply
B
transfer payments
C
ordinary shares
D
treasury bills
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42
One profitable form of business undertaken by the commercial banks is
A
the issuing of cheques
B
the payment of standing order
C
lending money to borrowers
D
accepting cheques from customers
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43
When governments wants to discourage consumption, they tax goods whose demand is
A
price inelastic
B
abnormal in nature
C
price elastic
D
normal in nature
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44
a rise in government expenditure can lead to
A
higher inflation
B
higher unemployment
C
lower profits for industries
D
lower importation of raw materials by industries
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