Waec Commerce 2001 Past Questions and Answers

Question 46:

• WAEC 2001

The greatest advantage of air transport over all other means of transport is it's?

A. Comfort
B. Safety
C. Speed
D. Flexibility

Question 47:

• WAEC 2001

The exchange of goods for goods in foreign trade is known as?

A. Visible trade
B. Smuggling
C. Counter trade
D. Entrepot trade

Question 48:

• WAEC 2001

A speculator on the stock exchange market who sells securities for the fear of a fall in their prices is called?

A. A bull
B. A bear
C. A stag
D. An underwriter

Question 49:

• WAEC 2001

The law by which the seller transfers the property in goods to the buyer at an agreed price is the?

A. Hire purchase Act
B. Trade Description Act
C. Foods and Drugs Act
D. Sale of Good Act

Question 50:

• WAEC 2001

Which of the following is a means of payment to persons abroad through the post office?

A. Postal order
B. Cheque
C. Bank draft
D. Telegraphic money order