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.
A bank whose name is printed on a cheque leaf is known as the?
drawer
payer
drawee
payee
acceptor
Correct answer is C
No explanation has been provided for this answer.
generally acceptable for payment
easily converted to cash
the same as money order
cashed through a bank
cashed through a post office
Correct answer is E
No explanation has been provided for this answer.
Cash is said to be legal tender because it?
can be converted into money order
can be offered and accepted for payment
is negotiable
also takes the form of bank draft
is portable
Correct answer is B
No explanation has been provided for this answer.
The excess value of the assets of a business over its liabilities is?
capital owned
working capital
issued capital
liquid capital
reserved capital
Correct answer is E
No explanation has been provided for this answer.
The different between an overdraft and loan is that an overdraft?
does not yield interest
is giving to savings account holders only
yields interest on the customer before it is granted?
yields interest only on the sum drawn
requires no application by the customer before it is granted
Correct answer is D
No explanation has been provided for this answer.