WAEC Economics Past Questions & Answers - Page 216

1,076.

Which of the following banks grant credit facilities to individuals wishing to build houses?

A.

Central Bank of Nigeria

B.

Nigerian Industrial Development Bank

C.

Agricultural Credit Bank

D.

Federal Mortgage Bank of Nigeria

Correct answer is D

No explanation has been provided for this answer.

1,077.

Commercial banks settle their inter-bank indebtedness through

A.

Merchant banks

B.

Central banks

C.

Development banks

D.

Stock exchange

Correct answer is B

No explanation has been provided for this answer.

1,078.

Foreign exchange control in most West African countries is enforced by the

A.

Development banks

B.

Merchant banks

C.

Ministry of economic planning

D.

Central banks

Correct answer is D

No explanation has been provided for this answer.

1,079.

Inflation can best be checked by

A.

Allowing supply to remain constant

B.

Decreasing supply and incresing wages

C.

Increasing supply and holding wages constant

D.

Decreasing supply and wages

Correct answer is C

No explanation has been provided for this answer.

1,080.

Shares and stocks can be bought in the

A.

Commodity market

B.

Stock exchange

C.

Money market

D.

Open market

Correct answer is B

No explanation has been provided for this answer.