WAEC Past Questions and Answers - Page 3612

18,056.

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.

18,057.

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.

18,058.

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.

18,059.

Which of the following will occur when the market is unstable?

A.

Price will fluctuate

B.

Demand will remain static

C.

Unemployment will surely fall

D.

Price will remain static

Correct answer is A

No explanation has been provided for this answer.

18,060.

Abstention from consumption which enables capital to be produced is called

A.

Savings

B.

Production

C.

Accumulation

D.

Opportunity cost

Correct answer is A

No explanation has been provided for this answer.