Jamb Commerce 2007 Past Questions and Answers

Question 41:

• JAMB 2007

The difference between the buying and selling price of shares is known as?

A. Brokerage
B. Margin
C. Jobber's turn
D. Gross profit

Question 42:

• JAMB 2007

Which of the is a risk-free security?

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

Question 43:

• 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 44:

• 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 45:

• 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