WAEC Commerce Past Questions & Answers - Page 112

556.

One advantage of communication by telephone is

A.

the conversation can be very short

B.

it is less expensive

C.

feedback is instantenous

D.

the conversation is strictly private

Correct answer is C

No explanation has been provided for this answer.

557.

Which of the following qualities of money is generally undermined by inflation?

A.

Stability

B.

Scarcity

C.

Durability

D.

Portability

Correct answer is A

No explanation has been provided for this answer.

558.

The counterfoil of a cheque book enables the drawer to

A.

request for a new cheque book

B.

reconcile his book of accounts

C.

know who the debtors are

D.

obtain an overdraft from the bank

Correct answer is B

No explanation has been provided for this answer.

559.

If a company is described as "listed" it means

A.

its shares can be traded on the stock exchange

B.

It is about to be voluntarily liquidated

C.

it is duly registered by the registrar of companies

D.

it has been blacklisted

Correct answer is A

No explanation has been provided for this answer.

560.

Notes and coins are legal tender because they are

A.

printed by the Central Bank

B.

backed by law

C.

backed by gold

D.

issued by all banks

Correct answer is B

No explanation has been provided for this answer.