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Commerce

The document presents a series of multiple-choice questions related to commerce, specifically focusing on concepts such as credit, mortgages, and buyer possession of goods. It instructs the reader to choose the correct option from provided choices A-D to fill in the gaps. The questions aim to assess knowledge of financial terms and systems.

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Cyril
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27 views1 page

Commerce

The document presents a series of multiple-choice questions related to commerce, specifically focusing on concepts such as credit, mortgages, and buyer possession of goods. It instructs the reader to choose the correct option from provided choices A-D to fill in the gaps. The questions aim to assess knowledge of financial terms and systems.

Uploaded by

Cyril
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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COMMERCE

SS2

PART A : OBJECTIVES

INSTRUCTIONS: From the option lettered A-D, choose the one that best fill in the gaps below. Answer
all questions from this part.

1._____ occurs when a seller grants permission to a buyer to take possession and enjoy a commodity
with a promise to pay in the future.(a) Incentive (b) Discount (c) Credit (d) Interest

2. ______ is a system of credit in which building societies assist people to buy landed property by
lending them a proportion of the purchase money (a) Loan (b) Mortgage (c) Credit card (d) Budget
account

3. A system whereby the buyer has possession of goods whil

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