Waec Commerce Past Questions and Answers

Question 1746:

• WAEC 2011

The par value of a share is also known as its

A. Premium price
B. Market price
C. Discount price
D. Nominal price

Question 1747:

• WAEC 2011

A cheque dated 15th March 2012, will become stale on

A. 16th June 2012
B. 16th July 2012
C. 16th August 2012
D. 16th September 2012

Question 1748:

• WAEC 2011

Banks settle their indebtedness in the

A. Discount house
B. Stock exchange market
C. Commercial bank
D. Clearing house

Question 1749:

• WAEC 2011

Which of the following distinguishes home trade from foreign trade?

A. Payments are easily arranged
B. Taxies are levied
C. Goods have to be warehoused
D. Middlemen are not required

Question 1750:

• WAEC 2011

Before the advent of legal tender and credit instrument, which of the following was used as a medium of exchanged?

A. Currency notes
B. Cowries
C. Cheques
D. Bankdrafts