Waec Economics 2016 Past Questions and Answers

Question 36:

• WAEC 2016

A bank note is said to be a legal tender because it is

A. Printed by government
B. A store of value
C. Signed by the head of state
D. Backed by law

Question 37:

• WAEC 2016

During Inflation, interest rate will

A. Rise
B. Flunctuate
C. Remain constant
D. Fall

Question 38:

• WAEC 2016

Cost push inflation is likely to arise when

A. There is an increase in banking lending
B. There is an increase in subsidies
C. Stock exchange
D. Rise in the cost of production.

Question 39:

• WAEC 2016

Which of the following financial institutions cannot be found on the capital market of a country

A. Commercial bank
B. Mortgage bank
C. Stock exchange
D. Agricultural bank

Question 40:

• WAEC 2016

The stock market is a market for

A. New and second hand shares
B. Debentures
C. Goods and services
D. Short terms securities