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Economics Past Questions and Answers

Waec Economics Questions

Question 1176:

In which of the following ways has inflation adversely affected your country’s economy?

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A Increase in money supply
B A fall in real income
C Appreciation in the value of money
D Increased employment

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Question 1177:

Which of the following is a legal tender?

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A Bank notes
B Bank overdrafts
C Bills of exchange
D Money order

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Question 1178:

The Central Bank controls money supply through all the following except

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A Lending to the publics
B Bank rate
C Legal reserve requirements
D Open market operation

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Question 1179:

One of the functions of the Central Bank is

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A Production of goods
B Issuing of currency
C Presenting budgets
D Printing of cheque books

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Question 1180:

The function of the Central Bank as the lender of last resort means that when all other sources fail,

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A The consumer can always borrow money from the Central Bank
B The government can ask the Central Bank to print more money
C Commercial banks can raise loans from the Central Bank
D Commercial banks can deposit money with the Central Banks

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