WAEC Commerce Past Questions & Answers - Page 196

976.

When shares are fully paid they can be converted into?

A.

bonds

B.

debentures

C.

stocks

D.

treasury bills

Correct answer is C

No explanation has been provided for this answer.

977.

The drawer of a bill of exchange which is not discount is also the?

A.

30 days

B.

2months

C.

6 months

D.

12 months

Correct answer is C

No explanation has been provided for this answer.

978.

The trade document signed by a representative of the country to which is not discounted is also the?

A.

consular invoice

B.

certificate invoice

C.

consignment invoice

D.

proforma invoice

Correct answer is A

No explanation has been provided for this answer.

979.

Which of the following is sent by a customer who wishes to know the price, quality and terms of sale of a product?

A.

Quotation

B.

Letter of Enquiry

C.

Proforma invoice

D.

Advice note

Correct answer is B

No explanation has been provided for this answer.

980.

An agreement by which a buyer pays instalmentally but does until final settlement is made is?

A.

hire purchase

B.

deferred payment

C.

conditional sale

D.

features trading

Correct answer is A

No explanation has been provided for this answer.