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Economics WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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586
Which of the following is a liability of commercial banks?
  • A. deposits
  • B. money at call
  • C. loans to customers
  • D. overdrafts
View Answer & Discuss WAEC 2002
587
The value of money is best determined by its
  • A. size
  • B. purchasing power
  • C. portability
  • D. being recognized
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588
Which of the following is a function of the Central Bank of Nigeria?
  • A. serving as a custodians of important valuables
  • B. giving advice to customers
  • C. serving as banker's bank
  • D. creating credit
View Answer & Discuss WAEC 2002
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589
Who among the following will benefit from inflation?
  • A. pensioners
  • B. savers
  • C. debtors
  • D. creditors
View Answer & Discuss WAEC 2002
590
inflation can be controlled by increasing
  • A. aggregate supply
  • B. government expenditure
  • C. aggregate demand
  • D. a deficit budget
View Answer & Discuss WAEC 2002
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