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[ Post UTME Begins ]:
View The List Of Schools That Have Released 2026 Post-UTME Forms.
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1836
An association that mobilizes the savings of members and channels them to needy members is known as
A.
Consumer Co-operative
B.
Producer Co-operative
C.
Thrift and Credit Co-operative
D.
Multi-purpose Co-operative
E.
Trade Union
View Answer & Discuss
WAEC 1997
1837
If Ade issues a Union Bank cheque to Chukwu, the Union Bank is the
A.
drawee
B.
payee
C.
drawer
D.
acceptor
E.
creditor
View Answer & Discuss
WAEC 1997
1838
Which of the following is the clearing house for all the banks in the country?
A.
The Federal Mortgage Bank of Nigeria
B.
The Nigerian Industrial Development Bank
C.
The Central Bank of Nigeria
D.
The Nigerian Bank for Commerce and Industry
E.
The National Bank of Nigeria
View Answer & Discuss (1)
WAEC 1997
1839
Commerce developed as a result of
A.
speculation
B.
competition
C.
specialization
D.
importation
E.
exportation
View Answer & Discuss
WAEC 1997
1840
An overdraft can only be granted to the holder of a
A.
fixed deposit
B.
savings deposit
C.
loan account
D.
current account
E.
deposit account
View Answer & Discuss
WAEC 1997
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