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Economics 2006 WAEC Past Questions

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31
One way to solve the economic problem of inflation in a country is by increasing the
  • A. supply of commodities
  • B. supply of currency
  • C. salaries of workers
  • D. demand for commodities
View Answer & Discuss (1) WAEC 2006
32
The motive for holding money for investing in securities is referred to as
  • A. transactionary
  • B. speculative
  • C. accumulation
  • D. deflationary
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33
A cheque book is issued to customers of a bank operating a
  • A. savings account
  • B. time deposit account
  • C. current account
  • D. fixed deposit account
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34
Amount proposed for payment of wages and salaries in a budget is regarded as part of
  • A. recurrent expenditure
  • B. direct investment
  • C. recurrent revenue
  • D. capital receipts
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35
The difference between the Gross National Products (GNP) and the Gross Domestic Product (GDP) is
  • A. total interest payment
  • B. net income generated internally
  • C. total national savings
  • D. net income from abroad
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