Waec Economics 2013 Past Questions and Answers

Question 11:

• WAEC 2013

A budget is balance when expected total revenue is

A. Greater than expected expected expenditure
B. Less than total expenditure
C. Equal to expected expenditure
D. Greater than total expenditure

Question 12:

• WAEC 2013

A co-operative society is a

A. Finance house
B. Self -help business organization
C. Public corporation
D. Non-democratic business organization

Question 13:

• WAEC 2013

The value of money is effected by the

A. Speculative motive
B. Price level
C. Precautionary motive
D. Intervention of development

Question 14:

• WAEC 2013

Which of the following is a function of money?

A. Medium of Communication
B. Measure of securities
C. Store of Wealth
D. Discounting bills of exchange

Question 15:

• WAEC 2013

Which of the following is an asset of a commercial bank?

A. Reserve funds
B. Shareholders capital
C. Customers' deposits
D. Treasury bills