Jamb Commerce 2016 Past Questions and Answers

Question 41:

• JAMB 2016

Which of the following is NOT backed by gold but by government securites?

A. Fiduciary note
B. Token money
C. Commodity money
D. Fiat money

Question 42:

• JAMB 2016

Where a manufacturer doesn't collects money from wholesalers in exchange for goods produced is referred to as

A. Charge account
B. Trading checks
C. Trade credit
D. I owe you

Question 43:

• JAMB 2016

Quantity discount is offerred mainly to persuade the buyer to

A. Defer payment
B. Make prompt purchases
C. Make advance payment
D. Purchase more

Question 44:

• JAMB 2016

The placement of workers based on their qualifications can be categorized under

A. Public sector
B. Skilled labour
C. Private sector
D. Unskilled labour

Question 45:

• JAMB 2016

A group of computers that exchange data is referred to as

A. An information bank
B. A network
C. A database
D. An intranet site