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Commerce 2022 JAMB Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
26

Central banks sell treasury bills to the public to

  • A. increase cash in the banking system
  • B. raise revenue for commerical banks
  • C. raise revenue for private investors
  • D. reduce cash in circulation
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27

A document used to ensure correct payment of duty at the importing country is

  • A. documentary credit
  • B. consular invoice
  • C. certificate of origin
  • D. bill of lading
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28

A cheque is specially crossed if

  • A. the name of the account holder is written between two parallel lines drawn across it
  • B. it could be paid over the counter
  • C. the name of the bank is written between two parallel lines drawn across it
  • D. only two parallel lines are drawn across it
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29

One of the functions of a trade association is to

  • A. pay members salaries
  • B. promote members' welfare
  • C. provide loans to members
  • D. provide employment for members
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30

When a share with a nominal value of #50 is quoted at #70, it is being sold

  • A. cum div
  • B. ex-div
  • C. at a discount
  • D. at a premium
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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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