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Commerce 2000 WAEC Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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21
A bill of exchanged on maturity is allowed?
  • A. seven days of grace
  • B. five days of grace
  • C. four days of grace
  • D. three days of grace
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22
Which of the following is not a financial institution?
  • A. Commodity Board
  • B. Insurnace company
  • C. Clearing house
  • D. stock exchange
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23

When a customer writes a cheque in his name and withdraws cash with it from his account he is both the?

  • A. drawee and the payee
  • B. drawer and the payee
  • C. drawee and the drawer
  • D. drawer and the payee
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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24
Which of the following is a means of payments through the post office?
  • A. Standing Order
  • B. Promissory note
  • C. Money order
  • D. Telegraphic transfer
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25
Which of the following encourages people to save towards owning a house?
  • A. Merchant bank
  • B. Development bank
  • C. Mortgage bank
  • D. Commercial bank
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