by Sunday | Mar 14 | Commerce WAEC
A. clearing house B. money market C. discount house D. stock exchange Correct Answer: Option A A. clearing house Explanation A clearing house is an institution where cheques and other commercial papers drawn on member banks are cancelled against each other so that...
by Sunday | Mar 14 | Commerce WAEC
A. demurrage B. tenure C. lay days D. dead freight Correct Answer: Option C C. lay days Explanation Lay days are the Number of days allowed by a port authority to a ship to load or unload cargo without incurring demurrage or late...
by Sunday | Mar 14 | Commerce WAEC
A. ease trade among member countries B. enhance better trade with Africa C. enhance free trade with America D. offer financial assistance to poor countries Correct Answer: Option A A. ease trade among member countries Explanation The objective is to ensure...
by Sunday | Mar 14 | Commerce WAEC
A. public offer B. issue by tender C. offer for sale D. private placement Correct Answer: Option D D. private placement Explanation Private placement is a funding round of securities which are sold not through a public offering, but rather through a private offering,...
by Sunday | Mar 14 | Commerce WAEC
A. put under private payment B. not for sale to the public C. listed for sale on the exchange D. owned by the government Correct Answer: Option C C. listed for sale on the exchange Explanation A listed security is a financial instrument that is traded through a stock...