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Commerce 2007 JAMB Past Questions

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36

The abbreviation C and F indicate that the?

  • A. production cost excludes the cost of carriage
  • B. selling price includes the cost of carriage
  • C. cost of production includes dilivery charges
  • D. cost price includes the cost of carriage
View Answer & Discuss JAMB 2007
37
The sale of of foreign investment and gold reserves can be used to?
  • A. correct adverse balance of trade
  • B. increase invisible imports
  • C. correct adverse balance of payment
  • D. correct a budget deficit
View Answer & Discuss (1) JAMB 2007
38
A major benefit a debtor can derive from using a credit facility is?
  • A. better service
  • B. goodwill
  • C. convenience
  • D. control
View Answer & Discuss JAMB 2007
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39

The function of money that facilitates the comparison of the quality of goods as a basis of exchange is the?

  • A. unit of account
  • B. measure of value
  • C. store of value
  • D. medium of exchange
View Answer & Discuss JAMB 2007
40

The difference between the buying and selling price of shares is known as?

  • A. brokerage
  • B. margin
  • C. jobber's turn
  • D. gross profit
View Answer & Discuss JAMB 2007
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