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Waec Economics 2008 Past Questions and Answers

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Waec 2008 Economics Past Questions

Question 36:


Since money is demanded for what it can buy, the demand is said to be

A. Derived
B. Joint
C. Composite
D. Complementary


Question 37:


The supply of money in the economy includes

A. Bank notes only
B. Bank note and coins
C. Bank notes and bank deposits
D. Bank notes, coins and bank deposits


Question 38:


A continuous fall in the general price level is called

A. Recession
B. Depression
C. Deflation
D. Stagflation


Question 39:


The indicator of the value of money is

A. The general price level
B. The equilibruim price
C. Consumer''s income
D. The interest rate


Question 40:


The Central Bank can restrict credit through

A. Depreciation of assets
B. Granting overdraft
C. Direct investment
D. Open market operation






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