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Economics 2007 WAEC Past Questions

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26
A certain amount of money is needed for everyday expenditure like buying of goods, transportation and others. This is
  • A. transaction demand for money
  • B. precautionary demand for money
  • C. derived demand for money
  • D. speculative demand for money
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27
Long-term loans can be secured from
  • A. Commercial banks
  • B. discount houses
  • C. development banks
  • D. acceptance houses
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28
The value of money is generally measured in relation to the
  • A. interest rate charged on the bank loans
  • B. general price level
  • C. size of a country's gold stock
  • D. volume of imports
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29
which of the following is true under rapid inflation? People
  • A. demand less foreign exchange
  • B. set up businesses
  • C. rush to pay their taxes
  • D. hardly wants to lend money
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30
which of the following financial institutions was originally known as a Building Society?
  • A. Development banks
  • B. insurance company
  • C. Mortgage banks
  • D. merchant banks
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