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Economics 1996 WAEC Past Questions

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21
Changes in the value of money can be measured by
  • A. The distributors
  • B. A price index
  • C. A demand index
  • D. A supply index
  • E. The use of cheque
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22
The efficiency of a country's labour force depends on all the following except
  • A. improved working conditions
  • B. better and health care facilities
  • C. adequate training
  • D. stable economy
  • E. frequent strikes and lock-outs
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23
which of the following is a bank's responsibility to it's shareholders?
  • A. making profits
  • B. creating money
  • C. paying high interest rate
  • D. preventing inflation
  • E. issuing currencies
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24
Deficit financing means
  • A. receiving grants from the IMF
  • B. having budget surplus
  • C. excessive government spending on banks
  • D. borrowing to finance a budget
  • E. inadequate supply of money from the finance companies
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25
Development banks mainly provides
  • A. savings account facilities for a developing economy
  • B. foreign exchange facilities for importers and exporters
  • C. capital for development of specific sectors
  • D. capital for hire-purchase of machinery
  • E. capital for the development of special banks
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