Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
A bank statement is a document
ordering a bank to pay on demand a stated sum of money
containing records of receipts, payments and balance on an account
used for paying into bank account
used for regular withdrawal of money from a savings account
Correct answer is B
No explanation has been provided for this answer.
A major liability of a commercial bank arises from
customers' deposits
loans and advances
overdrafts
staff allowance
Correct answer is A
No explanation has been provided for this answer.
which of the following sets of items was used for exchange in Nigeria before money was introduced?
cowries, iron rods, brass rods and copper rods
iron rods, copper rods, manilla and cowries
cowries, manilla, brass rod andcopper wires
copper wires, brass wires, cowries and iron rod
Correct answer is C
No explanation has been provided for this answer.
International Credit Union
International Documentry Credit
International Union of Credit and Investment Insurers
export Credit Guarantee Scheme
Correct answer is C
No explanation has been provided for this answer.
The insurance policy which provides full cover against all risks at sea is known as
Policy with Particular Average
Policy Free of Particular Average
Marine Freight Insurance
Marine Voyage Policy Insurance
Correct answer is D
No explanation has been provided for this answer.