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Commerce 2012 WAEC Past Questions

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1

The development of trade in West Africa was aided by the

  • A. emergence of traditional rulers
  • B. arrival of the Portuguese
  • C. Introduction of tax payment
  • D. introduction of money
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2

An issuing house is an outlet for

  • A. new shares and bonds
  • B. non-listed companies shares
  • C. existing shares and bonds
  • D. only gilt-edged securities
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3

Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller's warehouse up to his own warehouse?

  • A. F.O.R
  • B. C.I.F
  • C. F.A.S
  • D. Loco
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4

The relationship between all imports and exports of a country is known as

  • A. terms of trade
  • B. balance of trade
  • C. balance of payment
  • D. terms of payment
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5

Which of the following is an example of large-scale retailing?

  • A. Hawking
  • B. Mobile shops
  • C. Kiosks
  • D. Department stores
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