WAEC Economics 2016 Objective — Question 36
Question 36 of 50 from the West African Examinations Council (WAEC) Economics 2016 Objective paper, with the correct answer and a full explanation.
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36. During inflation, interest rate will (a) rise (b) fluctuate (c) remain constant (d) fall
- A. riseCorrect
- B. fluctuate
- C. remain constant
- D. fall
Explanation
Interest rates and inflation usually work in tandem. Interest rates tend to rise when inflation goes up and vice versa.
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