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Economics Past Questions and Answers
Classroom
Economics Questions
Question 2821:
WAEC 2003
Efficient distribution of goods in West Africa will be facilitated by
SchoolNGR Classroom
A
Poor storage facility
B
Adequate transportation system
C
High standard of living
D
High cost of living
View Answer & Explanation
Question 2822:
WAEC 2003
The demand for money is
SchoolNGR Classroom
A
Derived demand
B
Composite demand
C
Joint demand
D
Complimentary demand
View Answer & Explanation
Question 2823:
WAEC 2003
money becomes a very poor store of value in a period of
SchoolNGR Classroom
A
Deflation
B
Depression
C
Recession
D
Inflation
View Answer & Explanation
Question 2824:
WAEC 2003
A continuous fall in the general price level is called
SchoolNGR Classroom
A
Recession
B
Depression
C
Deflation
D
Stagflation
View Answer & Explanation
Question 2825:
WAEC 2003
Which of the following is the function of a central bank?
SchoolNGR Classroom
A
Accepting deposits from the public
B
Lending to the commercial banks
C
Discounting bills of exchange
D
Agent of payment for individuals
View Answer & Explanation
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