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Economics Past Questions and Answers

Economics Questions

Question 3306:
WAEC 2011
A fall in national output will necessitate
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  • A A rise in expenditure on imports
  • B A rise in the level of savings
  • C An increase in the consumption of expenditure
  • D A rise in the standard of living
View Answer & Explanation
Question 3307:
WAEC 2011
The demand for money to take advantage of changes in bond prices is the
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  • A Unforeseen motive
  • B Transaction motive
  • C Speculative motive
  • D Precautionary motive
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Question 3308:
WAEC 2011
Cost push inflation is caused by a
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  • A Rise in the cost of production
  • B Decrease in the transportation cost
  • C Rise in demand for goods
  • D Decrease in the cost of production
View Answer & Explanation
Question 3309:
WAEC 2011
Deposit held in a commercial bank are part of
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  • A Money supply
  • B Transfer payments
  • C Ordinary shares
  • D Treasury bills
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Question 3310:
WAEC 2011
One profitable form of business undertaken by the commercial banks is
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  • A The issuing of cheques
  • B The payment of standing order
  • C Lending money to borrowers
  • D Accepting cheques from customers
View Answer & Explanation

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