WAEC Commerce 2021 Objective — Question 33
Question 33 of 50 from the West African Examinations Council (WAEC) Commerce 2021 Objective paper, with the correct answer and a full explanation.
Advertisement
Which of the following instruments of payment could be used in international trade?
- A. Promissory note
- B. Postal order
- C. I.O.U
- D. Bill of exchangeCorrect
Explanation
A (foreign) bill of exchange is acceptable in international trade; the other listed instruments are typically used domestically.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.