2019 - JAMB Commerce Past Questions and Answers - page 3

A subsidiary, subsidiary company or daughter company is a company that is owned or controlled by another company, which is called the parent company, parent, or holding company. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a government or state-owned enterprise. Wikipedia

International trade is based on the principle of comparative cost advantage which was propounded by David Ricardo in the 19th century. The basis of international trade lies in the diversity of economic resources in different countries.

Devaluation in macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed-exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. Wikipedia

A 'trend' in financial markets can be defined as a direction in which the market moves. A market is said to be bullish if it is keen to buy.

A security is a tradable financial asset. It is an investment which is traded in the stock exchange in order to yield income.

A spot price is a price that is the current price and at which the instant delivery takes place. 

Bearer cheque is payable to the bearer, that is, whoever presents it. A bearer cheque does not have any name written on it, but just the amount authorized for withdrawal.