Jamb Commerce 2019 Past Questions and Answers

Question 76:

• JAMB 2019

Which function of money is described in the following statement?
It serves as a medium through which business transactions are carried out

A. Standard for deferred payments
B. Medium of exchange
C. Store of value
D. Unit of account

Question 77:

• JAMB 2019

Someone traveling abroad for at least "twenty - four hours" and a maximum stay of six months is known as

A. Transportation
B. Tourism
C. International trade
D. Domestic tourism

Question 78:

• JAMB 2019

An International organisation that influence and fix the price of oil in the International markets is

A. IMF
B. ECOWAS
C. OPEC
D. OAU

Question 79:

• JAMB 2019

A partnership may be automatically dissolved due to the following factors except________

A. Court verdict
B. Joint decision
C. Admission of new partners
D. Bankruptcy of a partner

Question 80:

• JAMB 2019

A partnership may be automatically dissolved due to the following factors except________

A. Court verdict
B. Joint decision
C. Admission of new partners
D. Bankruptcy of a partner