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Economics 2024 WAEC Past Questions

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36

The function of money that enables credit purchases of goods and services is 

  • A. unit of account.
  • B. store of value
  • C. standard for deferred payment.
  • D. D. relative scarcity.
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37

Supply of money is best defined as the

  • A. money in circulation plus bank deposits.
  • B. money given out as loans to members of the public.
  • C. amount of currency printed annually by the government.
  • D. amount of money spent on consumer goods
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38

Capital market operators deal in the 

  • A. supply of and demand for short term loans only.
  • B. supply of and demand for long term loans for investment.
  • C. sales and purchases of treasury bills.
  • D. sales and purchases of capital equipment.
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39

Money supply will increase when the Central Bank

  • A. buys securities from the public.
  • B. increases the reserve requirements.
  • C. increases the bank rate.
  • D. sells securities to the public.
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40

 Expansionary fiscal policy implies

  • A. decreasing bank loans.
  • B. raising tax rates.
  • C. increasing the bank rate.
  • D. decreasing tax rates.
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