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The minimum lending rate of a bank is a component of its?

by Sunday | Mar 16 | Commerce WAEC

A. current assets B. debit balances C. credit balance D. fixed assets Correct Answer: Option A A. current assets Explanation Current assets are cash and other assets that are expected to be converted to cash within a...

The fee paid for transporting goods by ship is?

by Sunday | Mar 16 | Commerce WAEC

A. fare B. freight C. demurrage D. charges Correct Answer: Option B B. freight Explanation Freight: A charge paid for carriage or transportation of goods by air, land, or sea.

Which of the following is a document of title of goods?

by Sunday | Mar 16 | Commerce WAEC

A. bill of exchange B. bill of entry C. letter of hypothecation D. bill of lading Correct Answer: Option D D. bill of lading Explanation A bill of lading is a document issued by a carrier to acknowledge receipt of cargo for...

Which of the following is a reason for failure of public corporations?

by Sunday | Mar 16 | Commerce WAEC

A. legal requirement B. inadequate funding C. political stability D. lack of competition Correct Answer: Option B B. inadequate funding Explanation Public sector failure occurs when government intervention in the economy leads to an inefficient allocation of resources...

A tax charged in proportion to the value of imported goods is?

by Sunday | Mar 16 | Commerce WAEC

A. specific duty B. ad valorem C. custom duty D. excise duty Correct Answer: Option B B. ad valorem Explanation Ad valorem is a tax paid in proportion to the estimated value of the goods or transaction concerned. Charge levied as a percentage of value of the item it...

Which of the following is a disadvantage of retailing?

by Sunday | Mar 16 | Commerce WAEC

A. selling on credit B. lower prices of goods C. selling in smaller quantities D. located at convenient places Correct Answer: Option A A. selling on credit
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