Waec Commerce Past Questions For Year 2021
Question 26
One of the qualities of tradable goods is
- A. divisibility
- B. heterogeneity
- C. homogeneity
- D. perishability
Question 27
The amount a current account holder is allowed to withdraw in excess of the balance in his account is _______
- A. standing order
- B. overdraft
- C. interest
- D. credit transfer
Question 28
The purpose for which the Central Bank sells securities is to
- A. reduce the interest rate
- B. reduce cash in the economy
- C. increase cash in the economy
- D. incrcase the interest rate
Question 29
Which of the following means of payment requires acceptance by the debtor to make it valuable?
- A. Bearer's cheque
- B. Bill of exchange
- C. Postal order
- D. Promissory note
Question 30
One of the functions of the ports authority is
- A. checking the activities of smugglers.
- B. collecting import duties
- C. enforcing law and order in harbours
- D. providing warehousing services.
