Question 676:

• JAMB 2005

Initial public offering is undertaken through the?

A. Secondary securities market
B. First-tier securities market
C. Primary securities
D. Second-tier securities market

Question 677:

• JAMB 2005

From which of the following sources can partnerships increase their capital?

A. Admission of a new partner
B. Sale of shares
C. Discharge of a mortage
D. Initial capital

Question 678:

• JAMB 2005

The excess of the assets over the liabilities of a business is called?

A. Working capital
B. Net worth
C. Capital employed
D. Initial capital

Question 679:

• JAMB 2005

The bank that discount bills of exchange is the?

A. Central bank
B. Mortage bank
C. Development bank
D. Comercial bank

Question 680:

• JAMB 2005

The major participants in the stock market when stock prices are rising generally are the?

A. Bulls
B. Registrars
C. Bears
D. Companies