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Friday, 10 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 746:
WAEC 2003
The demand for money is
SchoolNGR Classroom
  • A Derived demand
  • B Composite demand
  • C Joint demand
  • D Complimentary demand
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Question 747:
WAEC 2003
money becomes a very poor store of value in a period of
SchoolNGR Classroom
  • A Deflation
  • B Depression
  • C Recession
  • D Inflation
View Answer & Explanation
Question 748:
WAEC 2003
A continuous fall in the general price level is called
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  • A Recession
  • B Depression
  • C Deflation
  • D Stagflation
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Question 749:
WAEC 2003
Which of the following is the function of a central bank?
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  • A Accepting deposits from the public
  • B Lending to the commercial banks
  • C Discounting bills of exchange
  • D Agent of payment for individuals
View Answer & Explanation
Question 750:
WAEC 2003
Cost-push inflation is likely to raise when
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  • A There is an increase in government spending
  • B There is an increase in direct taxes
  • C Demand for higher wages is granted
  • D There is a decrease in banks lending
View Answer & Explanation

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