Waec Commerce 2020 Past Questions and Answers

Question 16:

• WAEC 2020

The share value stated on a share certificate is?

A. Above par value
B. Below par value
C. Market value
D. Nominal value

Question 17:

• WAEC 2020

The bank which acts as the lender of last resort is the?

A. Central bank
B. Commercial bank
C. Merchant bank
D. Mortgage bank

Question 18:

• WAEC 2020

The issue of shares which allows existing shareholders to buy shares at a preferential price is?

A. Bonus issue
B. Offer for sale
C. Public offer
D. Rights issue

Question 19:

• WAEC 2020

The financial market where existing shares and bonds are bought and sold is the?

A. Forex market
B. Stock market
C. Money market
D. Commodity market

Question 20:

• WAEC 2020

An insurance policy which is not a contract of indemnity is?

A. Burglary insurance
B. Fire insurance
C. Life insurance
D. Motor insurance