WAEC Commerce Past Questions & Answers - Page 105

521.

Which of the following proves that important documents have reached their destination?

A.

business reply services

B.

telegram services

C.

recorded delivery services

D.

express delivery services

Correct answer is D

No explanation has been provided for this answer.

522.

Which of the following central bank functions inspires confidence in the banking system in case of emergency?

A.

issuing of currency

B.

lender of last resort

C.

baker's bank

D.

banker to the government

Correct answer is B

No explanation has been provided for this answer.

523.

The insurance policy which covers damages to the body of a ship is

A.

marine insurance

B.

cargo insurance

C.

ship liability insurance

D.

hull insurance

Correct answer is D

No explanation has been provided for this answer.

524.

The liquid assets of commercial banks are

A.

treasury bills, bills of exchange and cash

B.

cash, current account and other money-bearing assets

C.

deposit accounts and cash

D.

cash only

Correct answer is C

No explanation has been provided for this answer.

525.

Which of the following gives businessmen the opportunity to buy shares of public limited companies?

A.

insurance companies

B.

commercial banks

C.

discount houses

D.

the stock exchange

Correct answer is D

No explanation has been provided for this answer.