Waec Economics Past Questions and Answers

Question 751:

• WAEC 2003

The most important function of merchant banks is the

A. Issuing of currency
B. Provision of short term loans
C. Provision of medium and long term loans
D. Provision of short and long term loans

Question 752:

• WAEC 2003

Precautionary motive relates to

A. Demand for money
B. Demands for goods
C. Supply of money
D. Supply of goods

Question 753:

• WAEC 2003

Invisible trade refers to trade in

A. Services
B. Goods and services
C. Tangible goods
D. Crude oil

Question 754:

• WAEC 2003

When the demand for foreign exchange exceeds its supply, the value of the domestic currency

A. Appreciates
B. Depreciates
C. Inflates
D. Expands

Question 755:

• WAEC 2003

Which of the following is part of the capital account of the balance of payments?

A. Net investment from abroad
B. Import of machinery
C. Insurance
D. Transportation cost