WAEC Commerce 2020 Objective — Question 44

Question 44 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.

The additional commission paid to agents for guaranteeing payment is

A. brokerage
B. del credereCorrect
C. back-drop
D. demurrage

Explanation

A del-credere agent is the agent that assures the principal of payment in case a third party default. Thus, the agent receives additional commission known as del-credere.

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