Waec Commerce 2014 Past Questions and Answers

Question 31:

• WAEC 2014

A fixed deposit account is beneficial to its holders because

A. Cheques can be issued to settle huge debts
B. Customers can become shareholders of the bank
C. It attracts higher interest rate
D. It allows customers overdraw their accounts

Question 32:

• WAEC 2014

An amount paid by a bull who wishes to defer the purchase of shares to the next accounting period is

A. Brokerage
B. Backwardation
C. Contango
D. Commission

Question 33:

• WAEC 2014

Foreign trade is concerned with

A. Exchange of goods and services among companies
B. Buying and selling of imported goods
C. Exchange of goods and services among citizens
D. Buying and selling of goods and services among countries

Question 34:

• WAEC 2014

The distribution of goods creates

A. Time utility
B. Place utility
C. Form utility
D. Possession utility

Question 35:

• WAEC 2014

The documents issued by the Registrar of companies which allows a public company to commence business is called

A. Trading certificate
B. Prospectus
C. Certificate of incorporation
D. Memorandum of association