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1281
The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?
A.
bonus issue
B.
private placing
C.
offer for sale
D.
rights issue
E.
issue by prospectus
View Answer & Discuss
WAEC 1994
1282
The agreed amount payable to a policy holder when the event insured against occurs is?
A.
surrender value
B.
sum assured
C.
indemnity
D.
insurable interest
E.
endowment
View Answer & Discuss
WAEC 1994
1283
The rate at which one country”s products are exchanged for the products of another is?
A.
balance of trade
B.
balance on current account
C.
terms of trade
D.
balance of payments
E.
foreign exchange
View Answer & Discuss (2)
WAEC 1994
1284
The rate at which one country”s products are exchanged for the products of another is?
A.
balance of trade
B.
balance on current account
C.
terms of trade
D.
balance of payments
E.
foreign exchange
View Answer & Discuss (2)
WAEC 1994
1285
Which of the following is not performed by the shipping and forwarding agents?
A.
Reservation ofshipping space
B.
Collection of payment from the importer
C.
Collection of goods from the factory
D.
Preparation of the bill of lading
E.
Arrangementfor marine insurance
View Answer & Discuss
WAEC 1994
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