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Economics 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
2876

A change in the quantity demanded of a given commodity is determined by the

  • A. size of the population
  • B. income of the consumer
  • C. price of the commodity
  • D. taste and fashion
View Answer & Discuss (4) WAEC 2014
2877

The likely implication of the devaluation of a country's currency is that

  • A. exports of such a country become cheaper
  • B. importation of goods into such a country becomes cheaper
  • C. the value of such a country's currency rises
  • D. foreign goods are attracted into the country
View Answer & Discuss WAEC 2014
2878

International trade is desirable because it

  • A. may lead to overproduction
  • B. brings about over-dependence of countries on one another
  • C. provides foreign market for local goods
  • D. brings about unhealthy competition and rivalries
View Answer & Discuss WAEC 2014
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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2879

A financial institution established for the purpose of providing specialzed services like acceptance of bills of exchange and equipment leasing is known as

  • A. Merchant Bank
  • B. Development Bank
  • C. Central Bank
  • D. Insurance Company
View Answer & Discuss (5) WAEC 2014
2880

Which of the following functions of money is mostly affected during inflation?

  • A. Medium of exchange
  • B. Unit of Account
  • C. Store of value
  • D. Standard of deferred payment
View Answer & Discuss WAEC 2014
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