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Commerce 2004 WAEC Past Questions

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26
C % F as a price quotation in foreign trade means that the buyer
  • A. is responsible for clearing and forwarding the goods
  • B. has to pay for cost and freight
  • C. pays for both the freight and insurance
  • D. pays for insurance only
View Answer & Discuss WAEC 2004
27
A bill of exchange is made more negotiable if it has been
  • A. endorsed
  • B. accepted
  • C. honoured instantly
  • D. given special crossing
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28

A bill of exchange is made up more negotiable if it has been

  • A. endorsed
  • B. accepted
  • C. honoured instantly
  • D. given special crossing
View Answer & Discuss (2) WAEC 2004
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29
The primary objective of insurance is to
  • A. prevent accidents
  • B. meet uncertainties in future
  • C. give loan to business men
  • D. control the flow of cash
View Answer & Discuss (3) WAEC 2004
30
Which of the following services is rendered by Central Bank?
  • A. provision of brokerage services
  • B. safe keeping of cash and valuables
  • C. discounting bills of exchange
  • D. issuing currency notes
View Answer & Discuss (2) WAEC 2004
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