WAEC Economics 2017 Objective — Question 3
Question 3 of 50 from the West African Examinations Council (WAEC) Economics 2017 Objective paper, with the correct answer and a full explanation.
Advertisement
Which of the following items is not an example of Circulating capital?
- A. Raw material
- B. Money
- C. Fuel
- D. MachineryCorrect
Explanation
Machinery is a fixed capital. It does not undergo quick circulation, i.e. it is not represented or used up within a single accounting year.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.