Waec Economics 1998 Past Questions and Answers

Question 26:

• WAEC 1998

Banks create money by

A. Giving drafts to customers
B. Printing more money
C. Lending our deposits to borrowers
D. Issuing cheques
E. Depositing exes cash in the trills

Question 27:

• WAEC 1998

The West African house was established to

A. Finance development projects in Africa
B. Enhance financial transaction among memebers countries
C. Provide technical assistance to memebers countries
D. Stabilize price in developing countries
E. Service the debts of the African Countries

Question 28:

• WAEC 1998

which of the following is a factor affecting the size of national income?

A. Size of the active population
B. Taste of the consumers
C. Number of registered trade unions
D. Credit-worthiness of the neighbouring countries
E. Regularity of payment of national debt

Question 29:

• WAEC 1998

The expenditure of a firm on goods and services for the expansion of its productive capacity is known as

A. Income
B. Investment
C. Savings
D. Profits
E. Interest

Question 30:

• WAEC 1998

An increase in marginal propensity to save will lead to

A. An increase in marginal propensity to consume
B. A decrease in the level of consumption
C. An immediate decrease in the net national income
D. An increase in the level of consumption
E. A decrease in the level of savings