Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
A type of credit offered by both commercial and merchant banks in Nigeria is?
trade credit
line of credit
discounting facility
overdraft
Correct answer is D
No explanation has been provided for this answer.
promissary note
bankdraft
banker's order
travellers' cheque
Correct answer is C
No explanation has been provided for this answer.
The necessary documents used in foreign trade are?
bill of lading, invoice and letter of inqiry
indent, bill of exchange, bill of lading and voice
voice, shipping note, bill of lading and freight note
shipping note, certificate of origin and visible exports
Correct answer is C
No explanation has been provided for this answer.
The availability of goods and services is brought to the notice of customers through?
personal selling
public relations
the telephone
advertising
Correct answer is D
No explanation has been provided for this answer.
An engineer in government employ is to be rendering?
primary service
tertiary service
indirect service
direct service
Correct answer is C
No explanation has been provided for this answer.