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4256

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

  • A. Central bank
  • B. Commercial bank
  • C. Merchant bank
  • D. Mortegage bank
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4257

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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4258

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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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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4259

A cheque that could be cashed over the counter by the payee is

  • A. certified cheque
  • B. crossed cheque
  • C. open cheque
  • D. bank draft
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4260

A specially-designed mode of transport for conveying liquid and gas is a

  • A. coaster
  • B. tanker
  • C. liner
  • D. ferry
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WAEC offline past questions - with all answers and explanations in one app - Download for free
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