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Commerce Past Questions

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601

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
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602

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

  • A. brokerage
  • B. margin
  • C. jobber's turn
  • D. gross profit
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603

Which of the is a risk-free security?

  • A. Preference share
  • B. Ordinary share
  • C. Treasury bill
  • D. Debenture
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604

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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605

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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