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4651

Which of the following means of payment requires acceptance by the debtor to make it valuable?

  • A. Bill of exchange
  • B. Bearer's cheque
  • C. Promissory note
  • D. Postal order
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4652

The purpose for which the Central Bank sells securities is to

  • A. reduce cash in the economy
  • B. increase the interest rate
  • C. reduce the interest rate
  • D. increase cash in the economy
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4653

The amount a current holder is allowed to withdraw in excess of the balance in his account is

  • A. credit transfer
  • B. overdraft
  • C. interest
  • D. standing order
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
4654

Which of the following business risks would an insurance firm not cover for an entrepreneur?

  • A. Loss of goods in transit
  • B. Change in consumers' taste
  • C. Theft
  • D. Fire
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4655

One of the qualities of tradable goods is

  • A. perishability
  • B. heterogeneity
  • C. divisibility
  • D. homogeneity
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts