Waec Economics Past Questions and Answers

Question 1691:

• WAEC 1996

Changes in the value of money can be measured by

A. The distributors
B. A price index
C. A demand index
D. A supply index
E. The use of cheque

Question 1692:

• WAEC 1996

The efficiency of a country's labour force depends on all the following except

A. Improved working conditions
B. Better and health care facilities
C. Adequate training
D. Stable economy
E. Frequent strikes and lock-outs

Question 1693:

• WAEC 1996

which of the following is a bank's responsibility to it's shareholders?

A. Making profits
B. Creating money
C. Paying high interest rate
D. Preventing inflation
E. Issuing currencies

Question 1694:

• WAEC 1996

Deficit financing means

A. Receiving grants from the IMF
B. Having budget surplus
C. Excessive government spending on banks
D. Borrowing to finance a budget
E. Inadequate supply of money from the finance companies

Question 1695:

• WAEC 1996

Development banks mainly provides

A. Savings account facilities for a developing economy
B. Foreign exchange facilities for importers and exporters
C. Capital for development of specific sectors
D. Capital for hire-purchase of machinery
E. Capital for the development of special banks