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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 261:

A trade deficit means that?

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A The balance of trade is favourable
B Exports are less than imports
C Imports are less than export
D Exports are decreasing
E The balance of payments is unfavourable

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Question 262:

A document issued by the government authorizing a person to take goods out of the country for sale abroad is known as?

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A Export licence
B Import licence
C Dock warrant
D Bill of lading
E Consular invoice

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Question 263:

The naria is legal tender because it is?

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A Recongnizable
B Backed by law
C Generally acceptable
D Homogeneous
E Portable

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Question 264:

Which of the following enhances the leading powers of commercial banks?

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A High bank rate
B Increased cash reserve ratio
C Provision for bad and doubtful debts
D Decreased liquidity ratio
E Increased Capital base

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Question 265:

A'bear' on the stock exchanges sells share in anticipation of?

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A A fall in price
B A rise in price
C A change in price
D The liquidation of the company concerned
E New issues

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