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Economics 2010 WAEC Past Questions

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31

The total stock of money available for use in an economy is

  • A. a function of money
  • B. a characteristics of money
  • C. the demand for money
  • D. the supply of money
View Answer & Discuss WAEC 2010
32

Which of the following is not a reason for holding money?

  • A. Ostentation
  • B. Speculations
  • C. Transactions
  • D. Precautionary
View Answer & Discuss WAEC 2010
33

The best way of combating demand-pull inflation is to

  • A. increase income taxes
  • B. reduce income taxes
  • C. increase import duties
  • D. increase salaries and wages
View Answer & Discuss WAEC 2010
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34

In which of the following ways has inflation adversely affected your country’s economy?

  • A. increase in money supply
  • B. a fall in real income
  • C. appreciation in the value of money
  • D. increased employment
View Answer & Discuss WAEC 2010
35

Which of the following is a legal tender?

  • A. bank notes
  • B. bank overdrafts
  • C. bills of exchange
  • D. money order
View Answer & Discuss (1) WAEC 2010
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