Waec Economics Past Questions and Answers

Question 451:

• WAEC 1998

If a government which owned a company N10,000 in 19196 paid the debt fully in 1985 when the value of money has depreciated by 20 Percent , such a government had

A. Lost
B. Been placed at par with the company
C. Gained
D. Stabilizing the value of money
E. Increased the value of money

Question 452:

• WAEC 1998

Banks create money by

A. Giving drafts to customers
B. Printing more money
C. Lending our deposits to borrowers
D. Issuing cheques
E. Depositing exes cash in the trills

Question 453:

• WAEC 1998

The West African house was established to

A. Finance development projects in Africa
B. Enhance financial transaction among memebers countries
C. Provide technical assistance to memebers countries
D. Stabilize price in developing countries
E. Service the debts of the African Countries

Question 454:

• WAEC 1998

which of the following is a factor affecting the size of national income?

A. Size of the active population
B. Taste of the consumers
C. Number of registered trade unions
D. Credit-worthiness of the neighbouring countries
E. Regularity of payment of national debt

Question 455:

• WAEC 1998

The expenditure of a firm on goods and services for the expansion of its productive capacity is known as

A. Income
B. Investment
C. Savings
D. Profits
E. Interest