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Economics 2003 WAEC Past Questions

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31
A continuous fall in the general price level is called
  • A. recession
  • B. depression
  • C. deflation
  • D. stagflation
View Answer & Discuss WAEC 2003
32
Which of the following is the function of a central bank?
  • A. accepting deposits from the public
  • B. lending to the commercial banks
  • C. discounting bills of exchange
  • D. agent of payment for individuals
View Answer & Discuss WAEC 2003
33
Cost-push inflation is likely to raise when
  • A. there is an increase in government spending
  • B. there is an increase in direct taxes
  • C. demand for higher wages is granted
  • D. there is a decrease in banks lending
View Answer & Discuss (1) WAEC 2003
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34
The most important function of merchant banks is the
  • A. issuing of currency
  • B. provision of short term loans
  • C. provision of medium and long term loans
  • D. provision of short and long term loans
View Answer & Discuss WAEC 2003
35
Precautionary motive relates to
  • A. demand for money
  • B. demands for goods
  • C. supply of money
  • D. supply of goods
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