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Thursday, 30 April 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1331:
The value of money is effected by the
  • A Speculative motive
  • B Price level
  • C Precautionary motive
  • D Intervention of development
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Question 1332:
Which of the following is a function of money?
  • A Medium of Communication
  • B Measure of securities
  • C Store of Wealth
  • D Discounting bills of exchange
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Question 1333:
Which of the following is an asset of a commercial bank?
  • A Reserve funds
  • B Shareholders capital
  • C Customers' deposits
  • D Treasury bills
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Question 1334:
An increase in the supply of a commodity X automatically results in an increase in the supply of another commodity Y. This is a cause of
  • A Elastic supply
  • B Joint supply
  • C Exceptional supply
  • D Competitive supply
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Question 1335:
Why would an individual increase his level of consumption during inflationary periods?
  • A The real value of any amount saved falls over time
  • B Interest rates are generally low
  • C There are varieties of goods to buy
  • D Wages and salaries stagnate during inflation
View Answer & Explanation