Waec Economics Past Questions and Answers

Question 686:

• WAEC 2002

Which of the following is a liability of commercial banks?

A. Deposits
B. Money at call
C. Loans to customers
D. Overdrafts

Question 687:

• WAEC 2002

The value of money is best determined by its

A. Size
B. Purchasing power
C. Portability
D. Being recognized

Question 688:

• WAEC 2002

Which of the following is a function of the Central Bank of Nigeria?

A. Serving as a custodians of important valuables
B. Giving advice to customers
C. Serving as banker's bank
D. Creating credit

Question 689:

• WAEC 2002

Who among the following will benefit from inflation?

A. Pensioners
B. Savers
C. Debtors
D. Creditors

Question 690:

• WAEC 2002

inflation can be controlled by increasing

A. Aggregate supply
B. Government expenditure
C. Aggregate demand
D. A deficit budget