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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1316:

If a country wishes to discourage imports, it

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A Removes quotas
B Encourages free trade
C Imposes tariffs
D Subsidizes exports

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Question 1317:

Which of the following sources of capital to a business requires mortgaging specific asset

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A Overdraft
B Ordinary shares
C Fixed debenture
D Trade credit

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Question 1318:

Which of the following interest holders are settled first in case of a company's liquidation

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A Board of directors
B Debenture holders
C Ordinary shareholders
D Preference shareholders

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Question 1319:

The West African Clearing House(WACH)was established to

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A Dregde the rivers in West Africa for easy navigation
B Expand the volume of traffic within member countries
C Cordinate the efforts to member states to tap their natural resources
D Promote the use of currencies of all members for inter regional trade

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Question 1320:

(a) What is a Capital Market?
(b) State eight reasons why a bank may dishonour a cheque.

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