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Economics WAEC Past Questions

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1361

The proportion of commercial banks' total assets kept in the form of highly liquid assets is known as 

  • A. demand deposit
  • B. fixed deposit
  • C. cash ratio
  • D. moral suasion
View Answer & Discuss (3) WAEC 2015
1362

which of the following is not an objective of economic planning

  • A. need to direct economic development of the country towards the desired direction
  • B. desire to ensure a sustained cultural development of the country
  • C. desire to widen the gap between developing countries and the developed world
  • D. management of scarce resources in the face of unlimited wants of the citizens
View Answer & Discuss WAEC 2015
1363

In order to control inflation, the government should

  • A. reduce the cost of borrowing
  • B. buy securities in the open market
  • C. adopt restrictive monetary policy
  • D. discourage savings
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1364

when the demand for foreign exchange exceeds its supply, the value of the domestic currency 

  • A. appreciates
  • B. depreciates
  • C. remains inchanged
  • D. expands
View Answer & Discuss WAEC 2015
1365

The export of west A frican countries are mostly composed of

  • A. service
  • B. raw materials
  • C. manufactured goods
  • D. consumer goods
View Answer & Discuss (1) WAEC 2015
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