Waec Commerce 2010 Past Questions and Answers

Question 16:

• WAEC 2010

The main function of a thrift and credit cooperative society is to

A. Encourage members to buy cheaply
B. Enable members get the highest profit
C. Help members get legal redress
D. Encourage members to save

Question 17:

• WAEC 2010

The exchange of goods for goods in home trade is known as

A. Entrepot trade
B. Trade by barter
C. Commodity trade
D. Distributive trade

Question 18:

• WAEC 2010

Which of the following is a safest way of sending important documents through the post

A. Registered mail
B. Parcel post
C. Letter post
D. Express mail

Question 19:

• WAEC 2010

Which of the following is not true of the stock exchange?

A. It is a commodity market
B. It provides market for trading on shares
C. Government and companies raise fund through it
D. It provides professional advice on investment

Question 20:

• WAEC 2010

A cheque issued in January 1997 which the holder failed to present for payment until September 1997 is called a

A. Traveller's cheque
B. Post-dated cheque
C. Stale cheque
D. Crossed cheque