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Economics Past Questions and Answers

Economics Questions

Question 3396:
Which of the following is a function of money?
  • A Medium of Communication
  • B Measure of securities
  • C Store of Wealth
  • D Discounting bills of exchange
View Answer & Explanation
Question 3397:
Which of the following is an asset of a commercial bank?
  • A Reserve funds
  • B Shareholders capital
  • C Customers' deposits
  • D Treasury bills
View Answer & Explanation
Question 3398:
An increase in the supply of a commodity X automatically results in an increase in the supply of another commodity Y. This is a cause of
  • A Elastic supply
  • B Joint supply
  • C Exceptional supply
  • D Competitive supply
View Answer & Explanation
Question 3399:
Why would an individual increase his level of consumption during inflationary periods?
  • A The real value of any amount saved falls over time
  • B Interest rates are generally low
  • C There are varieties of goods to buy
  • D Wages and salaries stagnate during inflation
View Answer & Explanation
Question 3400:
The type of monopoly that develops as a result of uneven distribution of resources is called
  • A Legal monopoly
  • B Natural monopoly
  • C State monopoly
  • D International monopoly
View Answer & Explanation