WAEC Economics Past Questions & Answers - Page 162

806.

The motive for holding money for investing in securities is referred to as

A.

Transactionary

B.

Speculative

C.

Accumulation

D.

Deflationary

Correct answer is B

No explanation has been provided for this answer.

807.

One way to solve the economic problem of inflation in a country is by increasing the

A.

Supply of commodities

B.

Supply of currency

C.

Salaries of workers

D.

Demand for commodities

Correct answer is A

No explanation has been provided for this answer.

808.

The tendency for prices to rise while the value of money fall is known as

A.

Bills of exchange

B.

Inflation

C.

Depreciation

D.

Deflation

Correct answer is B

No explanation has been provided for this answer.

809.

The policy of government to increase the supply of money to meet its own expenditure plans is likely to be

A.

Speculative

B.

Deflationary

C.

Inflationary

D.

Contractionary

Correct answer is C

No explanation has been provided for this answer.

810.

Which of the following is a legal tender in West Africa?

A.

Treasury Bill

B.

Share

C.

Credit card

D.

Currency

Correct answer is D

No explanation has been provided for this answer.