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Commerce 2015 WAEC Past Questions

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46

which of the following is a document of title of goods 

  • A. bill of exchange
  • B. bill of entry
  • C. letter of hypothecation
  • D. bill of lading
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47

the fee paid for transporting goods by ship is

  • A. fare
  • B. freight
  • C. demurrage
  • D. charges
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48

The minimum lending rate of a bank is a component of its

  • A. current assets
  • B. debit balances
  • C. credit balance
  • D. fixed assets
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49

Which of the following is NOT backed by gold but by government securites?

  • A. Fiduciary note
  • B. Token money
  • C. Commodity money
  • D. Fiat money
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50

The type of wholesaler that combines selling, delivery and collection in one operation is

  • A. specialist wholesaler
  • B. rack jobber
  • C. drop shipment
  • D. truck wholesaler
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