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WAEC Commerce 2022 Objective — Question 21

Question 21 of 50 from the West African Examinations Council (WAEC) Commerce 2022 Objective paper, with the correct answer and a full explanation.

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A document that instructs an agent to buy goods from a named firm is

  • A. proforma invoice
  • B. open indent
  • C. consular invoice
  • D. closed indentCorrect

Explanation

A closed indent is the instruction given by an importer to its agent overseas to buy from a specified company.

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