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WAEC Economics 2024 Objective — Question 37

Question 37 of 50 from the West African Examinations Council (WAEC) Economics 2024 Objective paper, with the correct answer and a full explanation.

37. Supply of money is best defined as the

A. money in circulation plus bank deposits.Correct
B. money given out as loans to members of the public.
C. amount of currency printed annually by the government.
D. amount of money spent on consumer goods.

Explanation

The supply of money is the total volume of currency in circulation plus deposits held in banks.

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