WAEC Commerce Past Questions & Answers - Page 297

1,481.

The major dealers on stock exchange market are the?

A.

authorized clerks

B.

jobbers

C.

investors

D.

brokers

E.

underwriters

Correct answer is B

No explanation has been provided for this answer.

1,482.

Which of the following countries is not a member of ECOWAS?

A.

Nigeria

B.

Gambia

C.

Sierra-Leone

D.

Ghana

E.

Cameroun

Correct answer is E

No explanation has been provided for this answer.

1,484.

A cheque made payable to "bearer"

A.

Can be negotiated for cash by the drawer only

B.

can only be paid into an account

C.

can be negotiated for cash by any holder

D.

is not regarded as a negotiable instrument

E.

must be endorsed to another account for settlement

Correct answer is C

No explanation has been provided for this answer.

1,485.

Which of the following is the acceptable classification of warehouse?

A.

Ordinary, wholesale and state warehouse

B.

Ordinary, presidential and bonded warehouse

C.

Bonded, royal and queen warehouse

D.

Ordinary off-shore and bonded warehouse

E.

Private, public and bonded warehouse

Correct answer is E

No explanation has been provided for this answer.