Jamb Commerce 2008 Past Questions and Answers

Question 21:

• JAMB 2008

A source of capital that has elements of debt and equity is a?

A. Debenture
B. Warrant
C. Loan
D. Share

Question 22:

• JAMB 2008

A type of retail trade where a group of similar stores which is owned by a firm operates in different locations is a?

A. Conglomerate
B. Chain stores
C. Departmental store
D. Suppermarket

Question 23:

• JAMB 2008

A warehouse which is used to store goods whose customs duty is not yet paid is a?

A. Wholesale warehouse
B. Bonded warehouse
C. Public warehouse
D. Branded warehouse

Question 24:

• JAMB 2008

Balance of payments is made up of?

A. Visible and current items
B. Invisible and capital items
C. Current and capital items
D. Visible and invisible items

Question 25:

• 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