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Central banks sell treasury bills to the public to?

Central banks sell treasury bills to the public to?

by Sunday | Dec 25 | Commerce WAEC

A. increase cash in the banking system B. raise revenue for commercial banks C. raise revenue for private investors D. reduce cash in circulation Correct Answer: Option D – reduce cash in circulation
Central banks sell treasury bills to the public to?

Which of the following is not a characteristic of a commercial bank?

by Sunday | Dec 25 | Commerce WAEC

A. established as a limited liability company B. Established by individuals or organizations C. Established to issue bank notes D. Established with the view of making profit Correct Answer: Option C – Established to issue bank...
Central banks sell treasury bills to the public to?

Dealers in the stock exchange such as bulls; bears and stags are categorized as?

by Sunday | Dec 25 | Commerce WAEC

A. actuaries B. promoters C. speculators D. underwriters Correct Answer: Option C – speculators
Central banks sell treasury bills to the public to?

The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is?

by Sunday | Dec 25 | Commerce WAEC

A. indemnity B. contribution C. proximate cause D. uberrimae fidei Correct Answer: Option B – contribution
Central banks sell treasury bills to the public to?

The incentive given to a buyer to encourage prompt payment is?

by Sunday | Dec 25 | Commerce WAEC

A. cash discount B. seasonal discount C. quantity discount D. trade discount Correct Answer: Option A – cash discount
Central banks sell treasury bills to the public to?

A document that instructs an agent to buy goods from a named firm is?

by Sunday | Dec 25 | Commerce WAEC

A. proforma invoice B. open indent C. consular invoice D. closed indent Correct Answer: Option D – closed indent
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