Jamb Commerce 2001 Past Questions and Answers

Question 31:

• JAMB 2001

The significance of money to modern economic system is that it?

A. Is used as a means of payment
B. Promotes specialization and exchange
C. Measures value and promotes exchange
D. Causes inflation in the economy

Question 32:

• JAMB 2001

One major characteristic of credit unions and thrift societies is that?

A. The legal processes involved in their formation are rigid
B. Membership is compulsory to people in the same line of business
C. The contribution of every member depends on the member's ability
D. A minimum of ten people in the same line of business can form the union

Question 33:

• JAMB 2001

The Nigerian Stock Exchange publishes a daily official list that gives full information on the?

A. Method of transation agreed to by members
B. Number of participating members in a day
C. Changes in the prices and earnings of securities
D. Changes in the official rules set by the market

Question 34:

• JAMB 2001

The main factors that determine the value of a stock on the stock Exchange are dividend and

A. The psychology of the market
B. Capital gain
C. Capital appreciation
D. Warrant payment

Question 35:

• JAMB 2001

One of the main objectives of the Second-tier Securities Market in Nigeria is to

A. Achieved a realistic exchange rate for the naira
B. Eliminate currency dealings in the black market
C. Assist companies to raise capital
D. Attract investment flow