WAEC Commerce Past Questions & Answers - Page 318

1,586.

Exchange in the international market which does not involve the use of money as a medium is known as?

A.

foreign aid

B.

counter trade

C.

monetization

D.

foreign trade

E.

enterpot trade

Correct answer is B

No explanation has been provided for this answer.

1,587.

With regard to payment, the amount payable when no deductions are made is called?

A.

net price

B.

spot cash

C.

not profit

D.

prompt cash

E.

draft

Correct answer is E

No explanation has been provided for this answer.

1,588.

Which of the following is not necessary when ordering goods?

A.

Trade journal

B.

Letter of enquiry

C.

Invoice

D.

Order form

E.

Catalogue

Correct answer is C

No explanation has been provided for this answer.

1,589.
1,590.