(a) What is a Capital Market?

(b) State eight reasons why a bank may dishonour a cheque. 
 

List and explain five problems associated with international trade. 

Explain the following

(a) Prospectus

(b) Share certificate

(c) Underwriting of shares

(d) Ordinary shares

 (e)Dividend warrants. 
 

State five effects of hire purchase on each of the following

(a) buyer; (b) seller 
 

(a) What is the difference between Privatization and Nationalization?

(b) Explain four reasons why a country may choose to privatize state-owned enterprises.