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Commerce 2019 WAEC Past Questions

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21

The diagram above shows a

  • A. standing order
  • B. receipt
  • C. cheque
  • D. bill of exchange
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22

XYZ Bank of commerce PLC is the

  • A. payee
  • B. endorser
  • C. drawer
  • D. drawee
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23

Oki Williams is the

  • A. payee
  • B. endorser
  • C. drawer
  • D. drawee
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24

An international trade practice where goods are exchanged for other goods is 

  • A. entrepot trade
  • B. bilateral trade
  • C. barter trade
  • D. counter trade
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25

A proportion of the total deposit that a commercial bank must keep as cash and convertible paper is 

  • A. special deposit
  • B. liquidity ratio
  • C. interest rate
  • D. bank rate
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts