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Tuesday, 14 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 981:
To promote the development of agricultural sector, government of West African countries should
  • A Encourage rural-urban drift
  • B Discourage foreign investment in agriculture
  • C Support the marketing of farm produce
  • D Reduce tarrif of food imports
View Answer & Explanation
Question 982:
The most important quality of money is that it must be
  • A Relatively scarce
  • B Generally acceptable
  • C Portable
  • D Durable
View Answer & Explanation
Question 983:
A certain amount of money is needed for everyday expenditure like buying of goods, transportation and others. This is
  • A Transaction demand for money
  • B Precautionary demand for money
  • C Derived demand for money
  • D Speculative demand for money
View Answer & Explanation
Question 984:
Long-term loans can be secured from
  • A Commercial banks
  • B Discount houses
  • C Development banks
  • D Acceptance houses
View Answer & Explanation
Question 985:
The value of money is generally measured in relation to the
  • A Interest rate charged on the bank loans
  • B General price level
  • C Size of a country's gold stock
  • D Volume of imports
View Answer & Explanation