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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1296:

Which of the following services is rendered by Central Bank?

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A Provision of brokerage services
B Safe keeping of cash and valuables
C Discounting bills of exchange
D Issuing currency notes

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Question 1297:

Which of the following gives businessmen the opportunity to buy shares of public limited companies?

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A Insurance companies
B Commercial banks
C Discount houses
D The stock exchange

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Question 1298:

The liquid assets of commercial banks are

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A Treasury bills, bills of exchange and cash
B Cash, current account and other money-bearing assets
C Deposit accounts and cash
D Cash only

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Question 1299:

The insurance policy which covers damages to the body of a ship is

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A Marine insurance
B Cargo insurance
C Ship liability insurance
D Hull insurance

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Question 1300:

Which of the following central bank functions inspires confidence in the banking system in case of emergency?

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A Issuing of currency
B Lender of last resort
C Baker's bank
D Banker to the government

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