Waec Commerce 1993 Past Questions and Answers

Question 41:

• WAEC 1993

Cash is said to be legal tender because it?

A. Can be converted into money order
B. Can be offered and accepted for payment
C. Is negotiable
D. Also takes the form of bank draft
E. Is portable

Question 42:

• WAEC 1993

A crossed postal order is?

A. Generally acceptable for payment
B. Easily converted to cash
C. The same as money order
D. Cashed through a bank
E. Cashed through a post office

Question 43:

• WAEC 1993

A bank whose name is printed on a cheque leaf is known as the?

A. Drawer
B. Payer
C. Drawee
D. Payee
E. Acceptor

Question 44:

• WAEC 1993

A person who wants to undertake an insurance policy usually completes?

A. A proposal form
B. A promotion form
C. An application form
D. An agreement form
E. A subscription form

Question 45:

• WAEC 1993

The capital that is needed to meet the day-to-day running of a business is the?

A. Fixed capital
B. Reserved capital
C. Circulating capital
D. Liquid capital
E. Capital employed