Question 4186:

• NECO 2009

A mutual compromise between the central bank and other banks on strategies for economic activities is reached through ____________

A. Cash liquidity ratio
B. The reserve ratio
C. Moral suasion
D. Open-market operations

Question 4187:

The use of coin - operated machines to sell goods is form of ____________

A. Personal selling
B. Retailing
C. Wholesaling
D. Mail - order selling

Question 4188:

Which of the following groups is paid first when a firm liquidates?

A. Ordinary shareholders
B. Preference shareholders
C. Debentures holders
D. Cumulative preference shareholders

Question 4189:

Which of the following statements is true about sea transport?

A. All ships have specific routes to ply
B. All ships must be insured at every journey
C. All ships are insured separately from the crew
D. All ships normally arrive at their destination with goods

Question 4190:

A sole proprietor insured his goods wort 4 200,000 for half the value. There was a fire incident in which goods valuedforall 80,000 were destroyed. The value of compensation expected from the insurer is ____________

A. N 40.000
B. N80.000
C. N N 100,000
D. N200,000