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WAEC Commerce 2020 Question 44

Question 44

Wholesale Trade

The additional commission paid to agents for guaranteeing payment is

  1. A.brokerage.
  2. B.del credere.
  3. C.drawback.
  4. D.demurrage.
Show the answer and explanation

Answer: B (del credere.)

Explanation

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