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WAEC Commerce 1999 Question 24

Question 24

Banking

Government can borrow money from the public through

  1. A.the issuing of treasury bills
  2. B.increasing taxation
  3. C.increasing the lending rate
  4. D.establishing more banks
Show the answer and explanation

Answer: A (the issuing of treasury bills)

Explanation

Treasury bills are short-term government borrowing.