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1131
A charge is specified cross if?
  • A. it has two parallel lines across it
  • B. the words & Co are written in between the lines?
  • C. the name of a bank is written across it
  • D. the words not negotiable are written across it
  • E. the name of the banker on the cheque
View Answer & Discuss WAEC 1992
1132
The difference between the value of imports of goods for a particular year is known as?
  • A. balance of payment
  • B. balance sheet
  • C. balance of trade
  • D. terms of trade
  • E. terms of payment
View Answer & Discuss WAEC 1992
1133
Commerce increases the utility of goods by making them available when they are wanted. This function is performed by the use of?
  • A. banks
  • B. insurance
  • C. transport
  • D. advertising
  • E. warehousing
View Answer & Discuss WAEC 1992
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1134
In foreign trade, a country specializes in the production of a commodity in which it has?
  • A. high production potentials
  • B. the greatest relative advantage
  • C. a large market
  • D. political influence
  • E. the highest relative cost
View Answer & Discuss WAEC 1992
1135
A bill of lading is best described as the?
  • A. document of title to, the goods on board a ship
  • B. certificate of value for the goods on board
  • C. evidence of payment of customs duties
  • D. certified of goods
  • E. certified of quality of goods imported
View Answer & Discuss WAEC 1992
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