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Economics WAEC Past Questions

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111
The Nigerian economy can be best describe as a
  • A. socialist economy
  • B. capitalist economy
  • C. mixed economy
  • D. controlled economy
  • E. domestic economy
View Answer & Discuss WAEC 1990
112
The amount of money to be created by commercial banks is actually influenced by the
  • A. legal reserved ratio
  • B. external reserve
  • C. external borrowing
  • D. availability of money and capital market
  • E. bank deposits
View Answer & Discuss WAEC 1990
113
Another name for the International Banks for Reconstruction and Development (IBRD) is
  • A. International Monetary Funds
  • B. International Development Bank
  • C. World Bank
  • D. International Bnak of Africa
  • E. International Bank for West Africa
View Answer & Discuss WAEC 1990
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114
the headquarter of the Organization of Petroleum Exporting Countries (OPEC) is in
  • A. Geneva, Switzerland
  • B. Vienna, Austria
  • C. Paris, France
  • D. London , Britain
  • E. New York, USA
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115
The wholesale provides all the following services to the manufacturer except
  • A. warehousing
  • B. financing production
  • C. marketing the product
  • D. granting credit
  • E. after-sales services
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