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Friday, 10 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 631:
The situation in which there is persistent fall in the general price level is referred to as
  • A Devaluation
  • B Depreciation
  • C Deflation
  • D Inflation
View Answer & Explanation
Question 632:
commercial banks settle their daily interbank indebtedness through the
  • A Money market
  • B Finance House
  • C Acceptance house
  • D Clearing House
View Answer & Explanation
Question 633:
One disadvantage of inflation is that?
  • A Fixed income earners gain
  • B Fixed income eaners lose
  • C Businessmen lose
  • D Standard of living rises
View Answer & Explanation
Question 634:
Short-term loans can be sourced from
  • A The central banks
  • B Development banks
  • C Mortgage banks
  • D Commercial banks
View Answer & Explanation
Question 635:
if there is an increase in wages and salaries without corresponding increase in the supply of goods and services, the situation will lead to
  • A A reduction in aggregate demand
  • B Inflation
  • C Depression
  • D Budget surplus
View Answer & Explanation