WAEC Economics 2013 Objective — Question 34
Question 34 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.
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In order to develop the banking habit of rural dwellers, the traditional money lenders should be
- A. proscribedCorrect
- B. legalized
- C. subsidized
- D. heavily taxed
Explanation
If traditional money lenders are proscribed (banned), villagers will have no choice but to use the bank.
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