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Commerce 2002 JAMB Past Questions

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21
The temporary insurance certificate issued to the insured before drawing up a policy is a?
  • A. cover note
  • B. testimonial
  • C. time policy
  • D. proposal form
View Answer & Discuss JAMB 2002
22
The bulls and bears in the Stock Exchange market help to minimize
  • A. the number of shares and bonds sold
  • B. price increases of securities
  • C. fluctuations in the prices os securities
  • D. the elasticity of the prices of securities
View Answer & Discuss JAMB 2002
23
Debentures differ from shares in that
  • A. they are secured on the company's assets
  • B. ownership is open to the public
  • C. they form part of the capital of the business
  • D. rewards are usually paid out of profits
View Answer & Discuss JAMB 2002
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24
The Stock Exchange is a market where?
  • A. long-term securities are sold
  • B. all types of securities are sold
  • C. short-term securities are sold
  • D. medium-term securities are sold
View Answer & Discuss JAMB 2002
25
A retail cooperative society aims at?
  • A. hoarding manufactured goods
  • B. cutting off the profit of the middlemen
  • C. lending money to members at a low interest rates
  • D. encouraging members to save money
View Answer & Discuss JAMB 2002
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