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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1871:

A person's deliberate decision to reduce the value of her currency is called

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A Deregulation
B Inflation
C Devaluation
D Revaluation

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Question 1872:

Which of the following is not a function of warehousing

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A Creating security of goods
B Stabilization of price
C Production ahead of demand
D Storage of goods

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Question 1873:

Ad valorem duties are based on the

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A Importance of the goods imported
B Value of the goods imported
C Weight of the goods imported
D Nature of the goods imported

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Question 1874:

A tariff refers to

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A Fees imposed on contraband goods
B Fees paid on exports
C Taxes imposed on imported goods
D Taxes paid on home-made goods

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Question 1875:

The selling of goods in small units is normally performed by

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A Chambers of commerce
B Wholesalers
C Distributors
D Retailers

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