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Thursday, 12 November 2026
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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 976:
WAEC 1999
Trade discount is given to the buyer for
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  • A Prompt payment
  • B Credit purchase
  • C Cash purchase
  • D Retailer's mark-up
View Answer & Explanation
Question 977:
WAEC 1999
Government can borrow money from the public through
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  • A The issuing of treasury bills
  • B Increasing taxation
  • C Increasing the lending rate
  • D Establishing more banks
View Answer & Explanation
Question 978:
WAEC 1999
Insurance is necessary because of the need to
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  • A Pool resources together
  • B Meet uncertainties in future
  • C Make profit
  • D Lend money to individuals
View Answer & Explanation
Question 979:
WAEC 1999
Notes and coins are legal tender because they are
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  • A Printed by the Central Bank
  • B Backed by law
  • C Backed by gold
  • D Issued by all banks
View Answer & Explanation
Question 980:
WAEC 1999
If a company is described as "listed" it means
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  • A Its shares can be traded on the stock exchange
  • B It is about to be voluntarily liquidated
  • C It is duly registered by the registrar of companies
  • D It has been blacklisted
View Answer & Explanation

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