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Thursday, 09 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 686:
WAEC 2002
Which of the following is a liability of commercial banks?
SchoolNGR Classroom
  • A Deposits
  • B Money at call
  • C Loans to customers
  • D Overdrafts
View Answer & Explanation
Question 687:
WAEC 2002
The value of money is best determined by its
SchoolNGR Classroom
  • A Size
  • B Purchasing power
  • C Portability
  • D Being recognized
View Answer & Explanation
Question 688:
WAEC 2002
Which of the following is a function of the Central Bank of Nigeria?
SchoolNGR Classroom
  • A Serving as a custodians of important valuables
  • B Giving advice to customers
  • C Serving as banker's bank
  • D Creating credit
View Answer & Explanation
Question 689:
WAEC 2002
Who among the following will benefit from inflation?
SchoolNGR Classroom
  • A Pensioners
  • B Savers
  • C Debtors
  • D Creditors
View Answer & Explanation
Question 690:
WAEC 2002
inflation can be controlled by increasing
SchoolNGR Classroom
  • A Aggregate supply
  • B Government expenditure
  • C Aggregate demand
  • D A deficit budget
View Answer & Explanation

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