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Economics Past Questions and Answers

Economics Questions

Question 2761:
WAEC 2002
Which of the following is a problem of trade by barter?
SchoolNGR Classroom
  • A Exchange rate determination
  • B Hoarding
  • C How to produce
  • D What to produce
View Answer & Explanation
Question 2762:
WAEC 2002
Cheques are not money because
SchoolNGR Classroom
  • A There use is confined to business hours
  • B There are few banks in the rural areas
  • C They are not generally acceptable as a medium of exchange
  • D They are not issued by government
View Answer & Explanation
Question 2763:
WAEC 2002
Which of the following is a liability of commercial banks?
SchoolNGR Classroom
  • A Deposits
  • B Money at call
  • C Loans to customers
  • D Overdrafts
View Answer & Explanation
Question 2764:
WAEC 2002
The value of money is best determined by its
SchoolNGR Classroom
  • A Size
  • B Purchasing power
  • C Portability
  • D Being recognized
View Answer & Explanation
Question 2765:
WAEC 2002
Which of the following is a function of the Central Bank of Nigeria?
SchoolNGR Classroom
  • A Serving as a custodians of important valuables
  • B Giving advice to customers
  • C Serving as banker's bank
  • D Creating credit
View Answer & Explanation

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