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Monday, 09 November 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 291:
if the foreign exchange rate is N80 to £1, then a bicycle bought for £40 will cost
  • A N15.00
  • B N60.00
  • C N100.00
  • D N250.00
  • E N320.00
View Answer & Explanation
Question 292:
The central banks controls commercial banks through all the following measures except
  • A The uses of directives
  • B The use of bank rate
  • C Open market operations
  • D Accepting deposits
  • E Demanding special deposits
View Answer & Explanation
Question 293:
If a person supplements his current income by drawing on past savings in order to make both ends meet, he is said to be living
  • A Good life
  • B An average life
  • C On his savings
  • D A reckless life
  • E On borrowed money
View Answer & Explanation
Question 294:
Which of the following is not a set of measures of central tendency?
  • A Mode and Median
  • B Mean and median
  • C Mean and mode
  • D Median and percentage
  • E Mode, mean and median
View Answer & Explanation
Question 295:
which of the following pairs can be referred to as middlemen?
  • A Wholesalers and agents
  • B Retailers and consumers
  • C Consumers and agents
  • D Wholesalers and retailers
  • E Wholesalers and consumers
View Answer & Explanation