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Commerce 2007 NECO Past Questions

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16
The reply to a letter of inquiry is a/an
  • A. advice note
  • B. estimate
  • C. order
  • D. quotation
  • E. statement
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17
Which of the following is NOT true of a cheque as a means of payment? It
  • A. can be made out of a definite payee
  • B. is generally acceptable
  • C. is safer than carrying cash
  • D. is transferable
  • E. serves as a proof of payment
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18
Which of the following is NOT true of a cheque as a means of payment? It
  • A. can be made out of a definite payee
  • B. is generally acceptable
  • C. is safer than carrying cash
  • D. is transferable
  • E. serves as a proof of payment
View Answer & Discuss NECO 2007
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19
From the date of issue, cheques are valid for-----------months.
  • A. 3
  • B. 4
  • C. 5
  • D. 6
  • E. 9
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20
An arrangement in insurance which provides for the payment of a stipulated sum either at death or the expiration of a stated period is known as ……….
  • A. accident
  • B. endowment
  • C. fire
  • D. fidelity
  • E. whole life
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