Waec Economics 2008 Past Questions and Answers

Question 36:

• WAEC 2008

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:

• WAEC 2008

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:

• WAEC 2008

A continuous fall in the general price level is called

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

Question 39:

• WAEC 2008

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:

• WAEC 2008

The Central Bank can restrict credit through

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