Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following qualities of money is generally undermined by inflation?
Stability
Scarcity
Durability
Portability
Correct answer is A
No explanation has been provided for this answer.
The counterfoil of a cheque book enables the drawer to
request for a new cheque book
reconcile his book of accounts
know who the debtors are
obtain an overdraft from the bank
Correct answer is B
No explanation has been provided for this answer.
If a company is described as "listed" it means
its shares can be traded on the stock exchange
It is about to be voluntarily liquidated
it is duly registered by the registrar of companies
it has been blacklisted
Correct answer is A
No explanation has been provided for this answer.
Notes and coins are legal tender because they are
printed by the Central Bank
backed by law
backed by gold
issued by all banks
Correct answer is B
No explanation has been provided for this answer.
Insurance is necessary because of the need to
pool resources together
meet uncertainties in future
make profit
lend money to individuals
Correct answer is B
No explanation has been provided for this answer.