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3901

XYZ Bank of commerce PLC is the

  • A. payee
  • B. endorser
  • C. drawer
  • D. drawee
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3902

Oki Williams is the

  • A. payee
  • B. endorser
  • C. drawer
  • D. drawee
View Answer & Discuss (1) WAEC 2019
3903

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

  • A. entrepot trade
  • B. bilateral trade
  • C. barter trade
  • D. counter trade
View Answer & Discuss (2) WAEC 2019
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3904

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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3905

The principle that applies when Greene and Sunwar Insurance Companies jointly indemnified Fatou for the destruction of her storey building by fire is 

  • A. contribution
  • B. insurance interest
  • C. proximate cause
  • D. subrogation
View Answer & Discuss (1) WAEC 2019
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