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Commerce Past Questions

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621

The components of capital employed in a business are?

  • A. owners' equity and long-term debts
  • B. total assets and current liabilities
  • C. share capital and long-term debts
  • D. share capital and current liabilities
View Answer & Discuss JAMB 2008
622

In order to prevent Liquidity in commercial banks, the central banks uses?

  • A. moral suasion
  • B. fiscal policy
  • C. reserve ratio
  • D. taxation
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623

An account maintained with a commercial bank for the purpose of foreign exchange transaction is the?

  • A. foreign account
  • B. international account
  • C. domiciliary account
  • D. foreign reserves account
View Answer & Discuss JAMB 2008
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624

A trader who gives credit stands to enjoy?

  • A. higher profit
  • B. cash discount
  • C. increased sales
  • D. trade discount
View Answer & Discuss JAMB 2008
625

A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a?

  • A. bull
  • B. bear
  • C. dealer
  • D. stag
View Answer & Discuss JAMB 2008
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