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Economics Past Questions and Answers

Waec Economics Questions

Question 576:
foreign exchange control in most West African countries is is enforced by the
  • A Development banks
  • B Merchant banks
  • C Ministry of economic planning
  • D Central banks
View Answer & Explanation
Question 577:
Commercial banks settle their inter-bank indebtedness through
  • A Merchant banks
  • B Central banks
  • C Development banks
  • D Stock exchange
View Answer & Explanation
Question 578:
which of the following banks grant credit facilities to individuals wishing to build houses?
  • A Central Bank of Nigeria
  • B Nigerian Industrial Development Bank
  • C Agricultural Credit Bank
  • D Federal Mortgage Bank of Nigeria
View Answer & Explanation
Question 579:
Unemployment that arises because of introduction of new machines and equipment in production is called
  • A Cyclical
  • B Structural
  • C Seasonal
  • D Disguised
View Answer & Explanation
Question 580:
Mono-product economies are those that produce
  • A Only intermediate products
  • B Petroleum products
  • C Agricultural products
  • D One main commodity
View Answer & Explanation