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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1031:

The abbreviation phrase E & OE is usually printed on?

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A An invoice
B A cheque
C A delivery note
D A debit note

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Question 1032:

Which of the following refers to a price reduction based on the size of order?

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A Cash account
B Trader discount
C Seasonal discount
D Cash on discount

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Question 1033:

Which of the following is not a means of payment in foreign trade?

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A Telegraphic money order
B Specially crossed cheque
C Letters of credit
D Debit transfer

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Question 1034:

A bill of exchanged on maturity is allowed?

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A Seven days of grace
B Five days of grace
C Four days of grace
D Three days of grace

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Question 1035:

Which of the following is not a financial institution?

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A Commodity Board
B Insurnace company
C Clearing house
D Stock exchange

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