WAEC Past Questions and Answers - Page 460

2,296.

Terms of payments are quoted on the?

A.

order form

B.

a device note

C.

credit note

D.

debit note

E.

invoice

Correct answer is E

No explanation has been provided for this answer.

2,297.

Which of the following was the chief means of transport during the Tran-Saharan Trade?

A.

Motor lorries

B.

Horses

C.

Camels

D.

Aeroplanes

E.

Barges

Correct answer is C

No explanation has been provided for this answer.

2,298.

Which of the following is not a reason for imposing custom duty? The need to

A.

raise revenue

B.

protect home industry

C.

prevent dumping

D.

decrease the volume of world trade

E.

retaliate

Correct answer is D

No explanation has been provided for this answer.

2,299.

Which of the following requires acceptance bythe editor to make it valuable?

A.

Postal order

B.

Cheque

C.

Promissory note

D.

Bill of exchange

E.

Bill of lading

Correct answer is D

No explanation has been provided for this answer.

2,300.

When an order cheque is endorsed it becomes?

A.

a bearer cheque

B.

a certified cheque

C.

an open cheque

D.

a confirmed cheque

E.

a dishonoured cheque

Correct answer is A

No explanation has been provided for this answer.