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Commerce 2007 JAMB Past Questions

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41

Which of the is a risk-free security?

  • A. Preference share
  • B. Ordinary share
  • C. Treasury bill
  • D. Debenture
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42

The central bank controls the quantity of money in circulation through?

  • A. open-market operations
  • B. decreasing the tax rate
  • C. issuing new currencies
  • D. increasing the tax rate
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43

The selling of new shares to existing shareholders is referred to as?

  • A. public issue
  • B. offer for sale
  • C. rights issue
  • D. bonus issue
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44

A new company requiring a large amount of equity finance may source funds from the?

  • A. capital market
  • B. central bank
  • C. money market
  • D. commercial banks
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45

A credit instrument which also serves as a legal tender is?

  • A. cheque
  • B. paper money
  • C. voucher
  • D. money order
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