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Commerce 2015 WAEC Past Questions

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31

the market for short term security is called?

  • A. commodity market
  • B. discount market
  • C. money market
  • D. stock market
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32

which of the following principls stipulates that the insured must be in a position to suffer financial loss?

  • A. indemnity
  • B. proximate clause
  • C. insurable interest
  • D. subrogation
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33

when shares are sold ex-div it means the?

  • A. shares are sold at par price
  • B. buyer is entitle to the next dividend
  • C. shares are sold above par
  • D. seller has right to the next dividend
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34

turnover could be increased by

  • A. increasing prices and product differentiation
  • B. advertising and cutting prices
  • C. refusing credit and customer services
  • D. increasing the mark up and margin
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35

commerce started as a result of?

  • A. speculation
  • B. consumption
  • C. specialization
  • D. nationalization
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