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Commerce 1993 WAEC Past Questions

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41
A crossed postal order is?
  • A. generally acceptable for payment
  • B. easily converted to cash
  • C. the same as money order
  • D. cashed through a bank
  • E. cashed through a post office
View Answer & Discuss WAEC 1993
42
A bank whose name is printed on a cheque leaf is known as the?
  • A. drawer
  • B. payer
  • C. drawee
  • D. payee
  • E. acceptor
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43
A person who wants to undertake an insurance policy usually completes?
  • A. a proposal form
  • B. a promotion form
  • C. an application form
  • D. an agreement form
  • E. a subscription form
View Answer & Discuss WAEC 1993
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44
The capital that is needed to meet the day-to-day running of a business is the?
  • A. fixed capital
  • B. reserved capital
  • C. circulating capital
  • D. liquid capital
  • E. capital employed
View Answer & Discuss WAEC 1993
45
An association of local,independent retailers formed to encourage buying in bulk from manufacturers is known as?
  • A. voluntary chain
  • B. producer co-operative society
  • C. multiple store
  • D. departmental store
  • E. hypermarket
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