Waec Commerce 2007 Past Questions and Answers

Question 41:

• WAEC 2007

If a share is sold at a price below its face value, it is sold

A. Above par
B. At a discount
C. At par
D. At premium

Question 42:

• WAEC 2007

Mr Ojo buys a book from a bookseller and pays cash. The bookseller will issue him a

A. Debit note
B. Credit note
C. Voucher
D. Receipt

Question 43:

• WAEC 2007

A limited company can raise long term capital through the

A. Commodity market
B. Stock exchange market
C. Export market
D. Foreign exchnage market

Question 44:

• WAEC 2007

Which of the following is not a reason for dishonoring a cheque?

A. Insufficient funds in drawer's account
B. When the cheque is stale
C. Amount in figure differs with amount in words
D. Poor handwriting

Question 45:

• WAEC 2007

Which of the following is not a function of the Central Bank

A. Banker to the government
B. Banker's bank
C. Issuance of currency notes
D. Granting loans to the public