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Economics Past Questions and Answers

Waec Economics Questions

Question 1581:

A measure of the value of money in an economy is the

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A Size of workers
B General price
C Total level of savings
D Total amount of loans granted by the banks

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Question 1582:

one characteristic of money is that it should be?

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A A standard of differed payment
B Stable in value
C Store of value
D Acceptance by the central bank

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Question 1583:

The function that distinguishes commercial banks from the central bank is that the former

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A Is a lender of last resort
B Accepts deposits from the public
C Services the public debt
D Regulates foreign exchange

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Question 1584:

Direct taxes include?

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A Excise duty
B Ad valorem tax
C Specific tax
D Capital gain tax

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Question 1585:

The control of aggregate demand through changes in government spending and tax rates is referred to as?

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A Monetary policy
B Government policy
C Income policy
D Fiscal policy

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