Neco Economics Past Questions and Answers

Question 246:

• NECO 2009

Data presented in tables are usually arranged in ____________ and ____________

A. Charts, tables
B. , graphs, rows
C. Pictograms, columns
D. Rows, columns

Question 247:

• NECO 2009

The additional satisfaction derived from the consumption of one more unit of a good is called ____________

A. Marginal cost
B. Marginal product
C. Marginal revenue
D. Marginal utility
E. Total Utility

Question 248:

• NECO 2009

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

A. Appreciates
B. Depreciates
C. Expands
D. Increases
E. Inflates

Question 249:

• NECO 2009

Time deposit is the same thing as ____________

A. Bank rate
B. Current account
C. Demand deposited
D. Fixed deposit
E. Saving account

Question 250:

• NECO 2009

The International Monetary Fund (IMF) was set up mainly to ____________

A. Cater for financial needs of developed countries
B. Create conditions favourable for the growth of world trade
C. Create favourable balance of payment
D. Develop domestic trade
E. Offset foreign debts only