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OtisamLMS
Economics

Economics · Quick practice · answer shown after each question

National income, money, banking

Question 1 of 10

Question 1 of 10

Which institution serves as the central bank of Ghana, responsible for issuing the cedi?

Question 2 of 10

Question 2 of 10

If the CPI rises from 200 to 220, the inflation rate is

Question 3 of 10

Question 3 of 10

Bank of Ghana raising the policy rate is intended to

Question 4 of 10

Question 4 of 10

Deflation is

Question 5 of 10

Question 5 of 10

If the cash reserve ratio is 10% and a bank receives a deposit of GH¢1,000, the maximum credit creation by the banking system is

Question 6 of 10

Question 6 of 10

GDP at market prices minus indirect taxes plus subsidies gives GDP at

Question 7 of 10

Question 7 of 10

The marginal propensity to consume is 0.8. The investment multiplier is

Question 8 of 10

Question 8 of 10

GDP measures

Question 9 of 10

Question 9 of 10

The Bank of Ghana can reduce money supply by

Question 10 of 10

Question 10 of 10

A cheque that can only be paid into a bank account is

Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.