Waec Economics Past Questions and Answers

Question 801:

• WAEC 2004

Which of the following will be an effect of inflation?

A. Wage earners will gain
B. Borrowing of money will be restricted
C. Money lenders will gain
D. Borrowers of money will gain

Question 802:

• WAEC 2004

Government can control inflation by

A. Printing more money
B. Reducing the rate of taxes
C. Reducing the level of expenditures
D. Establishing more banks

Question 803:

• WAEC 2004

The market consisting of a network of dealers where currencies can be bought and sold is known as

A. Capital market
B. Foreign exchange market
C. Commodity market
D. The stock market

Question 804:

• WAEC 2004

Open Market Operation (OMO) means the

A. Provision of credit facilities by commercial banks
B. Provision of credit facilities by the mortgage banks
C. Buying and selling of government securities by the central banks
D. Procedure for the establishment of commercial banks

Question 805:

• WAEC 2004

which of the following is an advantage of localization of industry?

A. Development of subsidiary firms
B. Creation of paralell markets
C. Developments of slums
D. Atrraction of foreign capital