Waec Commerce Past Questions and Answers

Question 1676:

• 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 1677:

• 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

Question 1678:

• WAEC 2010

When the buyer of an existing share is to receive the pending dividend, the price is

A. Cum div
B. Ex-div
C. At par
D. At a discount

Question 1679:

• WAEC 2010

What is the name of a service where a bank makes regular payment on behalf of its customers

A. Direct debit
B. Credit transfer
C. Standing order
D. Bank draft

Question 1680:

• WAEC 2010

The enterprise whose main objective is to provide the public with essential services is known as

A. Cooperative society
B. Partnership
C. Private company
D. Public corporation