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WAEC Agricultural Science 2022 Question 46

Question 46

Agricultural Finance

In farming enterprise, short term loans are used to

  1. A.purchase farm machinery.
  2. B.construct new farm buildings.
  3. C.construct an irrigation dam.
  4. D.purchase agrochemicals.
Show the answer and explanation

Answer: D (purchase agrochemicals.)

Explanation

Short-term loans cover inputs used up in one season.