Waec Economics Past Questions and Answers

Question 631:

• WAEC 2001

The situation in which there is persistent fall in the general price level is referred to as

A. Devaluation
B. Depreciation
C. Deflation
D. Inflation

Question 632:

• WAEC 2001

commercial banks settle their daily interbank indebtedness through the

A. Money market
B. Finance House
C. Acceptance house
D. Clearing House

Question 633:

• WAEC 2001

One disadvantage of inflation is that?

A. Fixed income earners gain
B. Fixed income eaners lose
C. Businessmen lose
D. Standard of living rises

Question 634:

• WAEC 2001

Short-term loans can be sourced from

A. The central banks
B. Development banks
C. Mortgage banks
D. Commercial banks

Question 635:

• WAEC 2001

if there is an increase in wages and salaries without corresponding increase in the supply of goods and services, the situation will lead to

A. A reduction in aggregate demand
B. Inflation
C. Depression
D. Budget surplus