Waec Commerce 1989 Past Questions and Answers

Question 56:

• WAEC 1989

Through which of the following does the central Bank carrying out the monetary policy of the country?

A. Discounting bills
B. Banks rate
C. Granting overdrafts
D. Acting as lender of last resort
E. Acting as banker to commercial banks

Question 57:

• WAEC 1989

Which of the following is not a means of money?

A. Divisibility
B. Portability
C. Accessibility
D. Recognizability
E. Durability

Question 58:

• WAEC 1989

Which of the following is not a means of effecting payment through current account?

A. Cheques
B. Standing orders
C. Giro system
D. Credit transfer
E. Credit card

Question 59:

• WAEC 1989

A bill holder wishing to dispose of his bills before maturity would be paid?

A. The discount value of the bill
B. The present value of the bill
C. The premium on the bills only
D. The accumulated interest on the bills
E. Total face value of the bills with the premium

Question 60:

• WAEC 1989

Which of the following is not a necessary seaport facility?

A. Berth
B. Warehouse
C. Containers
D. Cranes
E. Tramac