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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1036:
When a customer writes a cheque in his name and withdraws cash with it from his account he is both the?
  • A Drawee and the payee
  • B Drawer and the payee
  • C Drawee and the drawer
  • D Drawer and the payee
View Answer & Explanation
Question 1037:
Which of the following is a means of payments through the post office?
  • A Standing Order
  • B Promissory note
  • C Money order
  • D Telegraphic transfer
View Answer & Explanation
Question 1038:
Which of the following encourages people to save towards owning a house?
  • A Merchant bank
  • B Development bank
  • C Mortgage bank
  • D Commercial bank
View Answer & Explanation
Question 1039:
Which of the following services is not rendered by commercial banks?
  • A Business advice
  • B Currency notes issue
  • C Accepting deposits
  • D Credit transfer
View Answer & Explanation
Question 1040:
A retirement insurance policy which enables the assured to receive income for a specific period is?
  • A Annuity
  • B Endowment
  • C Whole life
  • D Fidelity guarantee
View Answer & Explanation