Waec Commerce 2004 Past Questions and Answers

Question 31:

• WAEC 2004

Which of the following services is rendered by Central Bank?

A. Provision of brokerage services
B. Safe keeping of cash and valuables
C. Discounting bills of exchange
D. Issuing currency notes

Question 32:

• WAEC 2004

Which of the following gives businessmen the opportunity to buy shares of public limited companies?

A. Insurance companies
B. Commercial banks
C. Discount houses
D. The stock exchange

Question 33:

• WAEC 2004

The liquid assets of commercial banks are

A. Treasury bills, bills of exchange and cash
B. Cash, current account and other money-bearing assets
C. Deposit accounts and cash
D. Cash only

Question 34:

• WAEC 2004

The insurance policy which covers damages to the body of a ship is

A. Marine insurance
B. Cargo insurance
C. Ship liability insurance
D. Hull insurance

Question 35:

• WAEC 2004

Which of the following central bank functions inspires confidence in the banking system in case of emergency?

A. Issuing of currency
B. Lender of last resort
C. Baker's bank
D. Banker to the government