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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

The lender of last resort in Ghana is the

Question 2 of 10

Question 2 of 10

Commercial banks create credit mainly by

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

An increase in investment of GH¢100m with MPC 0.75 raises income by

Question 5 of 10

Question 5 of 10

The quantity theory of money is expressed as

Question 6 of 10

Question 6 of 10

Stagflation describes

Question 7 of 10

Question 7 of 10

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

Question 8 of 10

Question 8 of 10

GNP = GDP +

Question 9 of 10

Question 9 of 10

GDP plus net income from abroad equals

Question 10 of 10

Question 10 of 10

A major problem of the barter system is

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