Jamb Commerce 2022 Past Questions and Answers

Question 41:

• JAMB 2022

A retail store that sells a single product from a particular manufacturer is a

A. Tied shop
B. Shopping mail
C. Hypermarket
D. Chain store

Question 42:

• JAMB 2022

A country's visible balance of payment is made up of

A. Interest on loans to foreign countries
B. Profit from investment abroad
C. Earnings from goods exported
D. Dividend earned from companies

Question 43:

• JAMB 2022

The quality of money which makes it possible to buy goods in small quantities is

A. Portability
B. Homogeneity
C. Divisibility
D. Durability

Question 44:

• JAMB 2022

One of the functions of commerical banks that cannot be performed by central banks is

A. Collection of old notes
B. Collection of deposits from the public
C. Issuance of treasury bills
D. Printing of bank notes

Question 45:

• JAMB 2022

A document that instructs an agent to buy goods from a named firm is

A. Proforma invoice
B. Open indent
C. Consular invoice
D. Closed indent