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Economics 1989 JAMB Past Questions

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21

The type of business finance that entitles the holder to a fixed rate of dividend is?

  • A. perferred stock
  • B. common stock
  • C. debenture stock
  • D. bank loan
View Answer & Discuss (1) JAMB 1989
22
Which of the business organization listed below is characterized by limited authority and liability of the individual owners?
  • A. Sole properitorship
  • B. Partnership
  • C. Joint stock company
  • D. Co-operative society
View Answer & Discuss JAMB 1989
23
A company is said to be highly geared if the?
  • A. value of fixed interest loans is high compared with share capital
  • B. Value of shared capital is high compared with fixed interest loans
  • C. dividend rate is high
  • D. interest rate is high
View Answer & Discuss JAMB 1989
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24
Industries that can be randomly located are characterized by?
  • A. relatively low transport cost for both raw materials and output and factor mobility
  • B. relatively heavy transport cost for raw material or output
  • C. constant returns to scale
  • D. signficant economy of scale
View Answer & Discuss JAMB 1989
25
The term 'double coincidence ' of wants is usually associated with a?
  • A. bilateral exchange mechanism
  • B. monetary exchange mechanism
  • C. stock exchange system
  • D. barter exchange mechanism
View Answer & Discuss JAMB 1989
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