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Friday, 01 May 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1241:
The demand for money to take advantage of changes in bond prices is the
  • A Unforeseen motive
  • B Transaction motive
  • C Speculative motive
  • D Precautionary motive
View Answer & Explanation
Question 1242:
Cost push inflation is caused by a
  • A Rise in the cost of production
  • B Decrease in the transportation cost
  • C Rise in demand for goods
  • D Decrease in the cost of production
View Answer & Explanation
Question 1243:
Deposit held in a commercial bank are part of
  • A Money supply
  • B Transfer payments
  • C Ordinary shares
  • D Treasury bills
View Answer & Explanation
Question 1244:
One profitable form of business undertaken by the commercial banks is
  • A The issuing of cheques
  • B The payment of standing order
  • C Lending money to borrowers
  • D Accepting cheques from customers
View Answer & Explanation
Question 1245:
When governments wants to discourage consumption, they tax goods whose demand is
  • A Price inelastic
  • B Abnormal in nature
  • C Price elastic
  • D Normal in nature
View Answer & Explanation