WAEC Commerce 2021 Objective — Question 15
Question 15 of 50 from the West African Examinations Council (WAEC) Commerce 2021 Objective paper, with the correct answer and a full explanation.
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A foreign order which instructs an agent to buy certain goods from a particular supplier is
- A. closed indentCorrect
- B. open indent
- C. letter of credit
- D. letter of enquiry
Explanation
A closed indent instructs an agent to buy from a particular supplier; an open indent allows buying from any supplier.
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