WAEC Commerce Past Questions & Answers - Page 136

676.

The speculator in the stock exchange market who sells securities in anticipation of a fall in price is called a

A.

bull

B.

jobber

C.

bear

D.

stag

E.

broker

Correct answer is C

No explanation has been provided for this answer.

677.

Which of the following shows the quality of money

A.

Ability to represent both small and large values

B.

Used for deffered payments

C.

Used as a unit for account

D.

Facilitating exchange

E.

Serving as a store of wealth

Correct answer is A

No explanation has been provided for this answer.

678.

If Mr Olu insures Mr Obi's house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of

A.

utmost good faith

B.

subrogation

C.

insurable interest

D.

indemnity

E.

contribution

Correct answer is C

No explanation has been provided for this answer.

679.

Which of the following is an example of insurable risk?

A.

Change in consumer's taste

B.

The probability of a third world war

C.

Flood resulting from excessive rain in a year

D.

The death of a business partner

E.

Loss due to change in fashion

Correct answer is D

No explanation has been provided for this answer.

680.

Which of the following is not a function of Development Banks?

A.

Give long-term loans

B.

invest directly into Agriculture

C.

Issue currency notes

D.

Give technical advice to investors

E.

Embark on priority projects of governments

Correct answer is C

No explanation has been provided for this answer.