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Tuesday, 07 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 3121:
WAEC 2008
A medium of exchange which is generally acceptable is
SchoolNGR Classroom
  • A Bater
  • B A cheque
  • C Government bond
  • D Money
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Question 3122:
WAEC 2008
Since money is demanded for what it can buy, the demand is said to be
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  • A Derived
  • B Joint
  • C Composite
  • D Complementary
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Question 3123:
WAEC 2008
The supply of money in the economy includes
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  • A Bank notes only
  • B Bank note and coins
  • C Bank notes and bank deposits
  • D Bank notes, coins and bank deposits
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Question 3124:
WAEC 2008
A continuous fall in the general price level is called
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  • A Recession
  • B Depression
  • C Deflation
  • D Stagflation
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Question 3125:
WAEC 2008
The indicator of the value of money is
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  • A The general price level
  • B The equilibruim price
  • C Consumer''s income
  • D The interest rate
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