WAEC Commerce Past Questions & Answers - Page 8

36.

An amount paid by a bull who wishes to defer the purchase of shares to the next accounting period is

A.

brokerage

B.

backwardation

C.

contango

D.

commission

Correct answer is B

No explanation has been provided for this answer.

37.

A fixed deposit account is beneficial to its holders because

A.

cheques can be issued to settle huge debts

B.

customers can become shareholders of the bank

C.

it attracts higher interest rate

D.

it allows customers overdraw their accounts

Correct answer is C

No explanation has been provided for this answer.

38.

Buying on impulse is encouraged by

A.

co-operative shops

B.

hawkers

C.

supermarket

D.

mail order firms

Correct answer is C

No explanation has been provided for this answer.

39.

The entertainment industry is classified under

A.

extractive industry

B.

manufacturing industry

C.

constructive industry

D.

commercial industry

Correct answer is D

No explanation has been provided for this answer.

40.

The practice of selling goods in foreign countries at lower prices than obtainable int he exporting country is known as

A.

entrepot trade

B.

dumping

C.

hedging

D.

counter trade

Correct answer is B

No explanation has been provided for this answer.