Jamb Commerce Past Questions and Answers

Question 771:

• JAMB 2007

The abbreviation C and F indicate that the?

A. Production cost excludes the cost of carriage
B. Selling price includes the cost of carriage
C. Cost of production includes dilivery charges
D. Cost price includes the cost of carriage

Question 772:

• JAMB 2007

The sale of of foreign investment and gold reserves can be used to?

A. Correct adverse balance of trade
B. Increase invisible imports
C. Correct adverse balance of payment
D. Correct a budget deficit

Question 773:

• JAMB 2007

A major benefit a debtor can derive from using a credit facility is?

A. Better service
B. Goodwill
C. Convenience
D. Control

Question 774:

• JAMB 2007

The function of money that facilitates the comparison of the quality of goods as a basis of exchange is the?

A. Unit of account
B. Measure of value
C. Store of value
D. Medium of exchange

Question 775:

• JAMB 2007

The difference between the buying and selling price of shares is known as?

A. Brokerage
B. Margin
C. Jobber's turn
D. Gross profit