Waec Economics 2007 Past Questions and Answers

Question 31:

• WAEC 2007

which of the following financial institutions was originally known as a Building Society?

A. Development banks
B. Insurance company
C. Mortgage banks
D. Merchant banks

Question 32:

• WAEC 2007

A non-bank financial intermediary which is regarded as a pool of risks is the

A. Co-operative society
B. Stock exchange
C. Insurance company
D. Post office

Question 33:

• WAEC 2007

A foreign exchange market deals in

A. Treasury bills
B. Currencies
C. Government bonds
D. Commodities

Question 34:

• WAEC 2007

Which of the following institutions assists the government in managing the national debt?

A. Commercial banks
B. The Central banks
C. The capital market
D. The World bank

Question 35:

• WAEC 2007

If tax takes a large proportion of the income of people with lower income, the tax is

A. Progressive
B. Proportional
C. Regressive
D. Investment