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.
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Which of the following items is not an example of Circulating capital?
- A. A. Raw material
- B. B. Money
- C. C. Fuel
- D. 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.
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