by Sunday | Mar 28 | Economics WAEC
A. open market operations B. reserve requirement C. bank rate D. tax and public expenditure Correct Answer: Option D = tax and public expenditure Explanation Central banks have four main monetary policy tools: the reserve requirement, open market operations, the...
by Sunday | Mar 28 | Economics WAEC
A. raising the bank rates B. reducing special deposits C. reducing the liquidity ratio D. issuing more currency Correct Answer: Option A = raising the bank rates Explanation One way the central bank can reduce the rate at which banks lend money is by raising the...
by Sunday | Mar 28 | Economics WAEC
A. purchasing securities in the open market B. selling securities in the open market C. encouraging importation of goods from all countries D. encouraging banks to lend for Correct Answer: Option B = selling securities in the open market Explanation Inflation is...
by Sunday | Mar 28 | Economics WAEC
A. Availability of skilled statisticians B. High Volume of exports C. Emigration of skilled workers to foreign countries D. Subsistence production Correct Answer: Option D = Subsistence production
by Sunday | Mar 28 | Economics WAEC
A. prices of goods and services are falling slowly B. there is a high level of unemployment C. prices of goods and services are rising rapidly D. prices of go0ds and services are rising slowing Correct Answer: Option C – prices of goods and services are rising...
by Sunday | Mar 28 | Economics WAEC
A. rate of productivity is higher than the wage rate B. prices fluctuate during a particular season of the year C. wage increase is granted without an increase in productivity D. the government embarks on restrictive monetary policies Correct Answer: Option C = wage...