Jamb Commerce 2008 Past Questions and Answers

Question 16:

• JAMB 2008

Determine the company's reserve share capital?

A. N2500 000
B. N1000 000
C. N1500 000
D. N2000 000

Question 17:

• JAMB 2008

In order to prevent Liquidity in commercial banks, the central banks uses?

A. Moral suasion
B. Fiscal policy
C. Reserve ratio
D. Taxation

Question 18:

• JAMB 2008

An account maintained with a commercial bank for the purpose of foreign exchange transaction is the?

A. Foreign account
B. International account
C. Domiciliary account
D. Foreign reserves account

Question 19:

• JAMB 2008

A trader who gives credit stands to enjoy?

A. Higher profit
B. Cash discount
C. Increased sles
D. Trade discount

Question 20:

• JAMB 2008

A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a?

A. Bull
B. Bear
C. Dealer
D. Stag