Waec Economics Past Questions and Answers

Question 1331:

• WAEC 2013

The value of money is effected by the

A. Speculative motive
B. Price level
C. Precautionary motive
D. Intervention of development

Question 1332:

• WAEC 2013

Which of the following is a function of money?

A. Medium of Communication
B. Measure of securities
C. Store of Wealth
D. Discounting bills of exchange

Question 1333:

• WAEC 2013

Which of the following is an asset of a commercial bank?

A. Reserve funds
B. Shareholders capital
C. Customers' deposits
D. Treasury bills

Question 1334:

• WAEC 2013

An increase in the supply of a commodity X automatically results in an increase in the supply of another commodity Y. This is a cause of

A. Elastic supply
B. Joint supply
C. Exceptional supply
D. Competitive supply

Question 1335:

• WAEC 2013

Why would an individual increase his level of consumption during inflationary periods?

A. The real value of any amount saved falls over time
B. Interest rates are generally low
C. There are varieties of goods to buy
D. Wages and salaries stagnate during inflation