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
correct option: b
Users' Answers & Comments42
In order to prevent Liquidity in commercial banks, the central banks uses?
A
moral suasion
B
fiscal policy
C
reserve ratio
D
taxation
correct option: c
Users' Answers & Comments43
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
correct option: c
Users' Answers & Comments44
A trader who gives credit stands to enjoy?
A
higher profit
B
cash discount
C
increased sles
D
trade discount
correct option: c
Users' Answers & Comments45
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
correct option: a
Users' Answers & Comments46
A source of capital that has elements of debt and equity is a?
A
debenture
B
warrant
C
loan
D
share
correct option: d
Users' Answers & Comments47
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
correct option: b
Users' Answers & Comments48
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
correct option: b
Users' Answers & Comments49
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
correct option: c
Users' Answers & Comments50
Most of the barriers to international trade have been eliminated through?
A
diversification
B
globalization
C
commercialization
D
privatization
correct option: b
Users' Answers & Comments