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Friday, 10 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 2826:
WAEC 2003
Cost-push inflation is likely to raise when
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  • A There is an increase in government spending
  • B There is an increase in direct taxes
  • C Demand for higher wages is granted
  • D There is a decrease in banks lending
View Answer & Explanation
Question 2827:
WAEC 2003
The most important function of merchant banks is the
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  • A Issuing of currency
  • B Provision of short term loans
  • C Provision of medium and long term loans
  • D Provision of short and long term loans
View Answer & Explanation
Question 2828:
WAEC 2003
Precautionary motive relates to
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  • A Demand for money
  • B Demands for goods
  • C Supply of money
  • D Supply of goods
View Answer & Explanation
Question 2829:
WAEC 2003
Invisible trade refers to trade in
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  • A Services
  • B Goods and services
  • C Tangible goods
  • D Crude oil
View Answer & Explanation
Question 2830:
WAEC 2003
When the demand for foreign exchange exceeds its supply, the value of the domestic currency
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  • A Appreciates
  • B Depreciates
  • C Inflates
  • D Expands
View Answer & Explanation

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