Waec Economics Past Questions and Answers

Question 576:

• WAEC 2000

foreign exchange control in most West African countries is is enforced by the

A. Development banks
B. Merchant banks
C. Ministry of economic planning
D. Central banks

Question 577:

• WAEC 2000

Commercial banks settle their inter-bank indebtedness through

A. Merchant banks
B. Central banks
C. Development banks
D. Stock exchange

Question 578:

• WAEC 2000

which of the following banks grant credit facilities to individuals wishing to build houses?

A. Central Bank of Nigeria
B. Nigerian Industrial Development Bank
C. Agricultural Credit Bank
D. Federal Mortgage Bank of Nigeria

Question 579:

• WAEC 2000

Unemployment that arises because of introduction of new machines and equipment in production is called

A. Cyclical
B. Structural
C. Seasonal
D. Disguised

Question 580:

• WAEC 2000

Mono-product economies are those that produce

A. Only intermediate products
B. Petroleum products
C. Agricultural products
D. One main commodity