Waec Economics Past Questions and Answers

Question 626:

• WAEC 2001

In a public corporation , the risks of business are borne by the

A. Workers
B. Tax payers
C. Board members
D. Treasury

Question 627:

• WAEC 2001

One of the function of money is

A. Double coincidence of wants
B. Unit of accounts
C. Indivisibility
D. Making payment through banks only

Question 628:

• WAEC 2001

Money is demanded for which of the following reasons?

A. To meet unforseen contigencies
B. To solve the problem of inflation
C. It is easily divisible
D. It is portable

Question 629:

• WAEC 2001

The quantity theory of money states that a reduction in the quantity of money in circulation would bring about

A. A geometrical fall in prices
B. A proportionate fall in prices
C. A rise in prices
D. An unequal fall in prices

Question 630:

• WAEC 2001

which of the following is the most liquid asset?

A. Bank notes
B. Silver
C. Bank deposit
D. Cheques