Waec Commerce Past Questions and Answers

Question 1776:

• WAEC 2012

The development of trade in West Africa was aided by the

A. Emergence of traditional rulers
B. Arrival of the Portuguese
C. Introduction of tax payment
D. Introduction of money

Question 1777:

• WAEC 2012

The development of trade in West Africa was aided by the

A. Emergence of traditional rulers
B. Arrival of the Portuguese
C. Introduction of tax payment
D. Introduction of money

Question 1778:

• WAEC 2012

An issuing house is an outlet for

A. New shares and bonds
B. Non-listed companies shares
C. Existing shares and bonds
D. Only gilt-edged securities

Question 1779:

• WAEC 2012

Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller's warehouse up to his own warehouse?

A. F.O.R
B. C.I.F
C. F.A.S
D. Loco

Question 1780:

• WAEC 2012

The relationship between all imports and exports of a country is known as

A. Terms of trade
B. Balance of trade
C. Balance of payment
D. Terms of payment