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3961

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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3962

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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3963

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
View Answer & Discuss WAEC 2020
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3964

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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3965

When a company insures the lives of all its employees collectively, the policy is?

  • A. accident insurance
  • B. fleet insurance
  • C. fidelity guarantee insurance
  • D. group insurance
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Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
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