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Commerce Past Questions and Answers

Waec Commerce Questions

Question 56:

Through which of the following does the central Bank carrying out the monetary policy of the country?

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A Discounting bills
B Banks rate
C Granting overdrafts
D Acting as lender of last resort
E Acting as banker to commercial banks

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Question 57:

Which of the following is not a means of money?

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A Divisibility
B Portability
C Accessibility
D Recognizability
E Durability

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Question 58:

Which of the following is not a means of effecting payment through current account?

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A Cheques
B Standing orders
C Giro system
D Credit transfer
E Credit card

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Question 59:

A bill holder wishing to dispose of his bills before maturity would be paid?

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A The discount value of the bill
B The present value of the bill
C The premium on the bills only
D The accumulated interest on the bills
E Total face value of the bills with the premium

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Question 60:

Which of the following is not a necessary seaport facility?

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A Berth
B Warehouse
C Containers
D Cranes
E Tramac

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