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Commerce 2020 WAEC Past Questions

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26

The share value stated on a share certificate is?

  • A. above par value
  • B. below par value
  • C. market value
  • D. nominal value
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27

The bank which acts as the lender of last resort is the?

  • A. central bank
  • B. commercial bank
  • C. merchant bank
  • D. mortgage bank
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28

The issue of shares which allows existing shareholders to buy shares at a preferential price is?

  • A. bonus issue
  • B. offer for sale
  • C. public offer
  • D. rights issue
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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29

The financial market where existing shares and bonds are bought and sold is the?

  • A. forex market
  • B. stock market
  • C. money market
  • D. commodity market
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30

An insurance policy which is not a contract of indemnity is?

  • A. burglary insurance
  • B. fire insurance
  • C. life insurance
  • D. motor insurance
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts