2008 - JAMB Commerce Past Questions and Answers - page 5
41
Determine the company's reserve share capital?
A
N2500 000
B
N1000 000
C
N1500 000
D
N2000 000
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42
In order to prevent Liquidity in commercial banks, the central banks uses?
A
moral suasion
B
fiscal policy
C
reserve ratio
D
taxation
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43
An account maintained with a commercial bank for the purpose of foreign exchange transaction is the?
A
foreign account
B
international account
C
domiciliary account
D
foreign reserves account
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44
A trader who gives credit stands to enjoy?
A
higher profit
B
cash discount
C
increased sles
D
trade discount
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45
A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a?
A
bull
B
bear
C
dealer
D
stag
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46
A source of capital that has elements of debt and equity is a?
A
debenture
B
warrant
C
loan
D
share
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47
A type of retail trade where a group of similar stores which is owned by a firm operates in different locations is a?
A
conglomerate
B
chain stores
C
departmental store
D
suppermarket
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48
A warehouse which is used to store goods whose customs duty is not yet paid is a?
A
wholesale warehouse
B
bonded warehouse
C
public warehouse
D
branded warehouse
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49
Balance of payments is made up of?
A
visible and current items
B
invisible and capital items
C
current and capital items
D
visible and invisible items
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50
Most of the barriers to international trade have been eliminated through?
A
diversification
B
globalization
C
commercialization
D
privatization
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