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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 736:
The fastest means of sending a printed message from Lagos to London is through
  • A Aeroplane
  • B Telephone
  • C Cablegram
  • D Telex
  • E Courier
View Answer & Explanation
Question 737:
An association that mobilizes the savings of members and channels them to needy members is known as
  • A Consumer Co-operative
  • B Producer Co-operative
  • C Thrift and Credit Co-operative
  • D Multi-purpose Co-operative
  • E Trade Union
View Answer & Explanation
Question 738:
If Ade issues a Union Bank cheque to Chukwu, the Union Bank is the
  • A Drawee
  • B Payee
  • C Drawer
  • D Acceptor
  • E Creditor
View Answer & Explanation
Question 739:
Which of the following is the clearing house for all the banks in the country?
  • A The Federal Mortgage Bank of Nigeria
  • B The Nigerian Industrial Development Bank
  • C The Central Bank of Nigeria
  • D The Nigerian Bank for Commerce and Industry
  • E The National Bank of Nigeria
View Answer & Explanation
Question 740:
Commerce developed as a result of
  • A Speculation
  • B Competition
  • C Specialization
  • D Importation
  • E Exportation
View Answer & Explanation