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Economics Past Questions and Answers

Waec Economics Questions

Question 751:

The most important function of merchant banks is the

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A Issuing of currency
B Provision of short term loans
C Provision of medium and long term loans
D Provision of short and long term loans

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Question 752:

Precautionary motive relates to

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A Demand for money
B Demands for goods
C Supply of money
D Supply of goods

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Question 753:

Invisible trade refers to trade in

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A Services
B Goods and services
C Tangible goods
D Crude oil

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Question 754:

When the demand for foreign exchange exceeds its supply, the value of the domestic currency

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A Appreciates
B Depreciates
C Inflates
D Expands

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Question 755:

Which of the following is part of the capital account of the balance of payments?

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A Net investment from abroad
B Import of machinery
C Insurance
D Transportation cost

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