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2446

A document issued to the public by a company to advertise its share is known as

  • A. prospectus
  • B. tender
  • C. share certificate
  • D. trading certificate
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2447

An overdraft is

  • A. amount permitted to be withdrawn in excess of one's deposit
  • B. excessive cash withdrawn by commercial banks from the Central Bank
  • C. credit balance standing in the name of a customer
  • D. special deposits made by commercial banks
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2448

Which of the following is not a principle of insurance

  • A. Insurable interest
  • B. Subrogation
  • C. Surrender value
  • D. Proximate cause
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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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2449

The par value of a share is also known as its

  • A. premium price
  • B. market price
  • C. discount price
  • D. nominal price
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2450

A cheque dated 15th March 2012, will become stale on

  • A. 16th June 2012
  • B. 16th July 2012
  • C. 16th August 2012
  • D. 16th September 2012
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