by Sunday | Jul 21 | Commerce WAEC
A. pool resources together B. meet uncertainties in future C. make profit D. lend money to individuals Correct Answer: Option B – meet uncertainties in future
by Sunday | Jul 21 | Commerce WAEC
A. the issuing of treasury bills B. increasing taxation C. increasing the lending rate D. establishing more banks Correct Answer: Option A – the issuing of treasury bills
by Sunday | Jul 21 | Commerce WAEC
A. prompt payment B. credit purchase C. cash purchase D. retailer’s mark-up Correct Answer: Option D – retailer’s mark-up
by Sunday | Jul 21 | Commerce WAEC
A. goods are ordered from a mail-order firm B. money is withdrawn from a fixed deposit account C. granting credit to a new customer D. goods are produced according to specification Correct Answer: Option C – granting credit to a new...
by Sunday | Jul 21 | Commerce WAEC
A. reduce the credit in the buyer’s account B. reduce the debit charged to an invoice C. compensate for damaged goods returned D. allow for the rebate Correct Answer: Option A – reduce the credit in the buyer’s...
by Sunday | Jul 21 | Commerce WAEC
A. accepted B. protested C. dishonoured D. discounted Correct Answer: Option A – accepted