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Economics WAEC Past Questions

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676
The value of money is best determined by
  • A. input-output ratio
  • B. the purchasing power
  • C. the importance people attach to it
  • D. economies of scale
View Answer & Discuss WAEC 2004
677
Which of the following will be an effect of inflation?
  • A. wage earners will gain
  • B. borrowing of money will be restricted
  • C. money lenders will gain
  • D. borrowers of money will gain
View Answer & Discuss WAEC 2004
678
Government can control inflation by
  • A. printing more money
  • B. reducing the rate of taxes
  • C. reducing the level of expenditures
  • D. establishing more banks
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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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679
The market consisting of a network of dealers where currencies can be bought and sold is known as
  • A. capital market
  • B. foreign exchange market
  • C. commodity market
  • D. the stock market
View Answer & Discuss WAEC 2004
680
Open Market Operation (OMO) means the
  • A. provision of credit facilities by commercial banks
  • B. provision of credit facilities by the mortgage banks
  • C. buying and selling of government securities by the central banks
  • D. procedure for the establishment of commercial banks
View Answer & Discuss WAEC 2004
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