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Commerce 2003 JAMB Past Questions

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46
Money can simply be referred to as a?
  • A. medium of exchange
  • B. means for the settlement of debts
  • C. durable assets for doing business
  • D. standard of value
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47
A type of long-term loan granted to companies with fixed interest as well as with redeemable and irredeemable features is referred to as?
  • A. a denbenture
  • B. a bond
  • C. a term loan
  • D. an overdraft
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48
Public debt management is one of the functions of a?
  • A. merchant bank
  • B. central bank
  • C. commercial bank
  • D. development bank
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49
Use the information above to answer questions

What is the owners' equity?
  • A. N 250 000
  • B. N 300 000
  • C. N 420 000
  • D. N 200 000
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50
Use the information above to answer questions

Find the current ratio
  • A. 1.53:1
  • B. 1, 85:1
  • C. 0. 87: 1
  • D. 0, 50:1
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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