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Commerce 2004 WAEC Past Questions

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51
Which of the following sources of capital to a business requires mortgaging specific asset
  • A. overdraft
  • B. ordinary shares
  • C. fixed debenture
  • D. trade credit
View Answer & Discuss WAEC 2004
52
Which of the following interest holders are settled first in case of a company's liquidation
  • A. board of directors
  • B. debenture holders
  • C. ordinary shareholders
  • D. preference shareholders
View Answer & Discuss (1) WAEC 2004
53

The West African Clearing House(WACH)was established to

  • A. dredge the rivers in West Africa for easy navigation
  • B. expand the volume of traffic within member countries
  • C. cordinate the efforts to member states to tap their natural resources
  • D. promote the use of currencies of all members for inter regional trade
View Answer & Discuss (3) WAEC 2004
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54

(a) What is a Capital Market?

(b) State eight reasons why a bank may dishonour a cheque. 
 

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55

List and explain five problems associated with international trade. 

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