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The type of wholesaler that combines selling, delivery and collection in one operation is?

by Sunday | Mar 16 | Commerce WAEC

A. specialist wholesaler B. rack jobber C. drop shipment D. truck wholesaler Correct Answer: Option D D. truck wholesaler Explanation Truck wholesalers or jobbers sell and deliver directly from their vehicles, often for cash. They carry a limited line of...

Which of the following is NOT backed by gold but by government securities?

by Sunday | Mar 16 | Commerce WAEC

A. Fiduciary note B. Token money C. Commodity money D. Fiat money Correct Answer: Option A A. Fiduciary note Explanation Fiduciary note: This term refers to that portion of a note issue, whether that of a Government or of a bank, which is not protected by a specific...

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...
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