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Friday, 13 November 2026
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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1516:
WAEC 2007
Which of the following is not a function of the Central Bank
SchoolNGR Classroom
  • A Banker to the government
  • B Banker's bank
  • C Issuance of currency notes
  • D Granting loans to the public
View Answer & Explanation
Question 1517:
WAEC 2007
Treasury bills are bought and sold in the
SchoolNGR Classroom
  • A Capital market
  • B Open market
  • C Commodity market
  • D Money market
View Answer & Explanation
Question 1518:
WAEC 2007
Which of the following is legal tender
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  • A Bank notes
  • B Bank drafts
  • C Central bank cheque
  • D Traveller's cheque
View Answer & Explanation
Question 1519:
WAEC 2007
Which of the following is referred to as the oldest form of insurance?
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  • A Marine insurance
  • B Burglary insurance
  • C Whole life insurance
  • D Accident insurance
View Answer & Explanation
Question 1520:
WAEC 2007
An open cheque is one
SchoolNGR Classroom
  • A On which the amount is written only in figures
  • B Which has no name
  • C Which can be cashed over the counter
  • D Which has no specific amount written on it
View Answer & Explanation

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