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Commerce 2011 WAEC Past Questions

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26

Which of the following is not a principle of insurance

  • A. Insurable interest
  • B. Subrogation
  • C. Surrender value
  • D. Proximate cause
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27

The par value of a share is also known as its

  • A. premium price
  • B. market price
  • C. discount price
  • D. nominal price
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28

A cheque dated 15th March 2012, will become stale on

  • A. 16th June 2012
  • B. 16th July 2012
  • C. 16th August 2012
  • D. 16th September 2012
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29

Banks settle their indebtedness in the

  • A. discount house
  • B. stock exchange market
  • C. commercial bank
  • D. clearing house
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30

Which of the following distinguishes home trade from foreign trade?

  • A. Payments are easily arranged
  • B. Taxies are levied
  • C. Goods have to be warehoused
  • D. Middlemen are not required
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