Jamb Commerce 2014 Past Questions and Answers

Question 31:

• JAMB 2014

A form of money with face value which is greater than the value of the metal content is

A. Legal tender
B. Bank notes
C. Token money
D. Commodity money

Question 32:

• JAMB 2014

An agent who transacts business with the broker in the stock exchange is a

A. Stag
B. Bull
C. Del credere
D. Jobber

Question 33:

• JAMB 2014

A document sent by a broker to his client to confirm a purchase or sale made on his behalf is

A. Delivery note
B. Consignment note
C. Transfer form
D. Contract note

Question 34:

• JAMB 2014

Cum div differs from ex div in that, the later

A. Entitles the purchaser to recieve a company's current dividend
B. Entitles the vendor to recieve a company's current dividend
C. Confirms a purchase or sale made on behalf of a share holder
D. Is a document used to transfer ownership of shares

Question 35:

• JAMB 2014

The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is

A. Arbitage
B. Franco
C. Contango
D. Backwardation