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WAEC Commerce 2015 Question 2

Question 2

Wholesale Trade

An extra commission paid to an agent who guarantees credit sales made by him is

  1. A.del-credere.
  2. B.guarantor's fee.
  3. C.jobber's turn.
  4. D.brokerage.
Show the answer and explanation

Answer: A (del-credere.)

Explanation

A del credere commission is the extra pay an agent gets for guaranteeing that credit buyers will pay.