WAEC Commerce Past Questions & Answers - Page 214

1,066.

Which of the following can be defined as trade and aids to trade?

A.

Advertising

B.

Commerce

C.

Wholesaling

D.

Retailing

Correct answer is B

No explanation has been provided for this answer.

1,067.

Which of the following is a means of payment to persons abroad through the post office?

A.

Postal order

B.

Cheque

C.

bank draft

D.

Telegraphic money order

Correct answer is D

No explanation has been provided for this answer.

1,068.

The law by which the seller transfers the property in goods to the buyer at an agreed price is the?

A.

Hire purchase Act

B.

Trade Description Act

C.

Foods and Drugs Act

D.

Sale of Good Act

Correct answer is A

No explanation has been provided for this answer.

1,069.

A speculator on the stock exchange market who sells securities for the fear of a fall in their prices is called?

A.

a bull

B.

a bear

C.

a stag

D.

an underwriter

Correct answer is B

No explanation has been provided for this answer.

1,070.

The exchange of goods for goods in foreign trade is known as?

A.

visible trade

B.

smuggling

C.

counter trade

D.

entrepot trade

Correct answer is C

No explanation has been provided for this answer.