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Economics Past Questions and Answers

Economics Questions

Question 2821:
Efficient distribution of goods in West Africa will be facilitated by
  • A Poor storage facility
  • B Adequate transportation system
  • C High standard of living
  • D High cost of living
View Answer & Explanation
Question 2822:
The demand for money is
  • A Derived demand
  • B Composite demand
  • C Joint demand
  • D Complimentary demand
View Answer & Explanation
Question 2823:
money becomes a very poor store of value in a period of
  • A Deflation
  • B Depression
  • C Recession
  • D Inflation
View Answer & Explanation
Question 2824:
A continuous fall in the general price level is called
  • A Recession
  • B Depression
  • C Deflation
  • D Stagflation
View Answer & Explanation
Question 2825:
Which of the following is the function of a central bank?
  • 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