Question 601:

• JAMB 2004

A common element in all contracts is?

A. Offer
B. Consideration
C. Acceptance
D. Agreement

Question 602:

• JAMB 2004

Sources of finance to a business include personal savings, share, debentures and?

A. Loans from IMF
B. Bank overdraft
C. Central bank loans
D. Money from political parties

Question 603:

• JAMB 2004

Charges for loans paid by commercial banks to the Central Bank of Nigeria are called?

A. Bank rates
B. Credits charges
C. Interest rates
D. Bank charges

Question 604:

• JAMB 2004

In a primary market, new shares are issued through?

A. Personal selling, publicity and advertising
B. A prospectus, an offer for sale and bill of exchange
C. Advertising a prospectus, and bill of exchange
D. A prospectus, an offer for sale and placing

Question 605:

• JAMB 2004

The instruments of credit includes?

A. Billboards and postal stamps
B. Payment vouchers and statement of account
C. Bills of exchange and promissory notes
D. Bills of exchange and salary salary vouchers