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Commerce 1999 WAEC Past Questions

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26
Notes and coins are legal tender because they are
  • A. printed by the Central Bank
  • B. backed by law
  • C. backed by gold
  • D. issued by all banks
View Answer & Discuss WAEC 1999
27
If a company is described as "listed" it means
  • A. its shares can be traded on the stock exchange
  • B. It is about to be voluntarily liquidated
  • C. it is duly registered by the registrar of companies
  • D. it has been blacklisted
View Answer & Discuss WAEC 1999
28
The counterfoil of a cheque book enables the drawer to
  • A. request for a new cheque book
  • B. reconcile his book of accounts
  • C. know who the debtors are
  • D. obtain an overdraft from the bank
View Answer & Discuss WAEC 1999
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29
Which of the following qualities of money is generally undermined by inflation?
  • A. Stability
  • B. Scarcity
  • C. Durability
  • D. Portability
View Answer & Discuss WAEC 1999
30
One advantage of communication by telephone is
  • A. the conversation can be very short
  • B. it is less expensive
  • C. feedback is instantenous
  • D. the conversation is strictly private
View Answer & Discuss WAEC 1999
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