Waec Economics 2006 Past Questions and Answers

Question 31:

• WAEC 2006

The tendency for prices to rise while the value of money fall is known as

A. Bills of exchange
B. Inflation
C. Depreciation
D. Deflation

Question 32:

• WAEC 2006

One way to solve the economic problem of inflation in a country is by increasing the

A. Supply of commodities
B. Supply of currency
C. Salaries of workers
D. Demand for commodities

Question 33:

• WAEC 2006

The motive for holding money for investing in securities is referred to as

A. Transactionary
B. Speculative
C. Accumulation
D. Deflationary

Question 34:

• WAEC 2006

A cheque book is issued to customers of a bank operating a

A. Savings account
B. Time deposit account
C. Current account
D. Fixed deposit account

Question 35:

• WAEC 2006

Amount proposed for payment of wages and salaries in a budget is regarded as part of

A. Recurrent expenditure
B. Direct investment
C. Recurrent revenue
D. Capital receipts