Waec Economics Past Questions and Answers

Question 746:

• WAEC 2003

The demand for money is

A. Derived demand
B. Composite demand
C. Joint demand
D. Complimentary demand

Question 747:

• WAEC 2003

money becomes a very poor store of value in a period of

A. Deflation
B. Depression
C. Recession
D. Inflation

Question 748:

• WAEC 2003

A continuous fall in the general price level is called

A. Recession
B. Depression
C. Deflation
D. Stagflation

Question 749:

• WAEC 2003

Which of the following is the function of a central bank?

A. Accepting deposits from the public
B. Lending to the commercial banks
C. Discounting bills of exchange
D. Agent of payment for individuals

Question 750:

• WAEC 2003

Cost-push inflation is likely to raise when

A. There is an increase in government spending
B. There is an increase in direct taxes
C. Demand for higher wages is granted
D. There is a decrease in banks lending