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Economics 2012 WAEC Past Questions

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36

Mr Akpoti has meat and wants maize, while Mr, Adama has maize and wants meat.transation is possible because of

  • A. bank deposit
  • B. joint demand
  • C. scale of preference
  • D. double coincidence of wants
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37

Which of the following is not a form of money?

  • A. coins
  • B. bank notes
  • C. bank balance
  • D. bank deposit
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38

A price index as a statistic, measures

  • A. how the value of money changes over time
  • B. the volume of currency in the economy
  • C. the exchange rate of a country's currency
  • D. the composition of goods and services
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39

The different between birth rate and death rate is known as

  • A. demographic transition
  • B. natural growth rate
  • C. migration rate
  • D. fertility rate
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40

In open market operations, what the Central Banks sells or buys are

  • A. shares
  • B. debentures
  • C. securities
  • D. equities
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