Waec Economics 1989 Past Questions and Answers

Question 6:

• WAEC 1989

In Economics market is define as

A. A place where buyers and sellers come together to exchange goods
B. Any agreement made for consumers to buy all they need
C. Any arrangement made for producers to sell all their goods
D. Any arrangement where by buyers and sellers are in close touch with one another
E. A place where only consumer goods are sold

Question 7:

• WAEC 1989

money supply at any given point in time refers to as

A. Bank notes, coins abd demand deposits
B. Notes and coins only
C. Minted money
D. Hoarded money
E. Money received as gifts

Question 8:

• WAEC 1989

all the following are source of finance to a Joint Stock Company except

A. Bank loans
B. Equity shares
C. Debentures
D. Preference shares
E. Cooperative thrift

Question 9:

• WAEC 1989

Data presented in table are usually arranged in

A. Charts and tables
B. Rows and columns
C. Graphs and rows
D. Pictograms and columns
E. Maps and pie charts

Question 10:

• WAEC 1989

which of the following is not a function of money?

A. Store of values
B. Unit of accounts
C. Measures of value
D. Standard for deferred payment
E. Stability in value