WAEC (WASSCE) Economics · National income, money and public finance

Money and inflation: WAEC Economics Past Questions and Answers

What the WAEC syllabus covers in Money and inflation

Our summary: What money is and does, what decides its value, and the causes, effects and control of inflation.

  • Money – definition and historical development – barter and its problems, types, characteristics, functions
  • Supply of and demand for money, value of money and the price level
  • Inflation: meaning, types, causes, effects and control

Syllabus content © The West African Examinations Council (WASSCE (harmonised West African syllabus)).

WAEC (WASSCE) Economics questions on Money and inflation

  1. WAEC 2024The function of money that enables credit purchases of goods and services is
  2. WAEC 2024One effect of inflation is that
  3. WAEC 2024Supply of money is best defined as the
  4. WAEC 2024Money supply will increase when the Central Bank
  5. WAEC 2023An indication that there is inflation in a country is that
  6. WAEC 2023The most liquid asset among the following is
  7. WAEC 2023The price level and the value of money are
  8. WAEC 2023Money is able to function more as a medium of exchange when
  9. WAEC 2021Demand-pull inflation can be as a result of …
  10. WAEC 2021Functions of money does not include …
  11. WAEC 2021An increase in cash ratio by the central bank will …
  12. WAEC 2021Government can curb inflation by …
  13. WAEC 2020The central bank Can reduce the ability of commercial banks to give out loans by
  14. WAEC 2020Money would cease to be a good store of value when
  15. WAEC 2020Governments in West Africa can curtail inflation by
  16. WAEC 2020Inflation may occur if
  17. WAEC 2019Which of the following is true of the value of money? It
  18. WAEC 2019The motive for holding money to meet unforeseen events is termed
  19. WAEC 2019An increase in the prices of factor inputs may result in
  20. WAEC 2019What happens when the central bank increases the bank rate?
  21. WAEC 2019The use of interest rates to control the money supply is a
  22. WAEC 2018what happens when the central bank increases bank rate in an economy
  23. WAEC 2018if a housewife has meat and tomatoes, she must find someone who wants meat and has tomatoes to give. this concept is described as?
  24. WAEC 2018Holding money to take care of contigencies is?
  25. WAEC 2018demand pull inflation is likely to be caused by?
  26. WAEC 2017A measure of the value of money in an economy is the
  27. WAEC 2017which of the following is most likely to be of benefit to a debtor
  28. WAEC 2017one of the major functions of money is?
  29. WAEC 2016A bank note is said to be a legal tender because it is
  30. WAEC 2016During Inflation, interest rate will
  31. WAEC 2016Fiscal policy that can control inflation will include the use of
  32. WAEC 2016Cost push inflation is likely to arise when
  33. WAEC 2015In order to control inflation, the government should

Years with Money and inflation questions in DeeepSolve's question bank

From the past questions DeeepSolve holds, not a count of everything the exam body has set.

  • 2024
  • 2023
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015