Question 776:

• JAMB 2007

Which of the is a risk-free security?

A. Preference share
B. Ordinary share
C. Treasury bill
D. Debenture

Question 777:

• JAMB 2007

The central bank controls the quantity of money in circulation through?

A. Open-market operations
B. Decreasing the tax rate
C. Issuing new currencies
D. Increasing the tax rate

Question 778:

• JAMB 2007

A major benefit a debtor can derive from using a credit facility is?

A. Better service
B. Goodwill
C. Convenience
D. Control

Question 779:

• JAMB 2007

The selling of new shares to exist shareholders is referred to as?

A. Public issue
B. Offer for sale
C. Rights issue
D. Bonus issue

Question 780:

• JAMB 2007

A new company requiring a large amount of equity finance may source funds from the?

A. Capital market
B. Central bank
C. Money market
D. Commercial banks