Waec Economics 2003 Past Questions and Answers

Question 36:

• WAEC 2003

Precautionary motive relates to

A. Demand for money
B. Demands for goods
C. Supply of money
D. Supply of goods

Question 37:

• WAEC 2003

Invisible trade refers to trade in

A. Services
B. Goods and services
C. Tangible goods
D. Crude oil

Question 38:

• WAEC 2003

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

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

Question 39:

• WAEC 2003

Which of the following is part of the capital account of the balance of payments?

A. Net investment from abroad
B. Import of machinery
C. Insurance
D. Transportation cost

Question 40:

• WAEC 2003

The most common index for measuring developments is

A. The level of illiteracy
B. The per capita income
C. Nutritional level
D. Population growth rate