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Economics Past Questions and Answers

Economics Questions

Question 3391:
WAEC 2013
General rise in the price level induced by increased price of inputs is referred to as
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  • A Run-away inflation
  • B Cost -push inflation
  • C Demand -pull inflation
  • D Imported inflation
View Answer & Explanation
Question 3392:
WAEC 2013
Which of the following is a function of merchant banks?
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  • A Acting as bankers' bank.
  • B Lending to the commercial banks as a last resort
  • C Controlling inflation in the economy
  • D Underwriting and issuing of shares
View Answer & Explanation
Question 3393:
WAEC 2013
A budget is balance when expected total revenue is
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  • A Greater than expected expected expenditure
  • B Less than total expenditure
  • C Equal to expected expenditure
  • D Greater than total expenditure
View Answer & Explanation
Question 3394:
WAEC 2013
A co-operative society is a
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  • A Finance house
  • B Self -help business organization
  • C Public corporation
  • D Non-democratic business organization
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Question 3395:
WAEC 2013
The value of money is effected by the
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  • A Speculative motive
  • B Price level
  • C Precautionary motive
  • D Intervention of development
View Answer & Explanation

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