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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 151:

Which of the following is a function of money?

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A Provision of double coincidence of wants
B Durability
C Standard for deferred payment
D Portability
E Divisibility

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Question 152:

An overdraft is usually granted a?

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A Savings account holder
B Deposit account holder
C Current account holder
D Loan account holder
E Fixed deposit account holder

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Question 153:

which of the following documents may be used when an importer requires a longer period of credit before settlement?

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A Letter of credit
B Documentry credit
C Bill of lading
D Sight draft
E Bill of exchange

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Question 154:

the value of anything expressed in monetary terms is the?

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A Utility
B Price
C Service
D Charge
E Money

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Question 155:

which of the following is not a means of making payment to a businessman?

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A Bank draft
B Cash
C Money order
D Cheque
E Statements

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