Aids-to-trade - Jamb Commerce Past Questions and Answers

Question 91:

• JAMB 2005

A cheque drawn by a bank official on the bank's deposits in another bank on a customer's instruction is known as?

A. Promissary note
B. Bankdraft
C. Banker's order
D. Travellers' cheque

Question 92:

• JAMB 2005

A type of credit offered by both commercial and merchant banks in Nigeria is?

A. Trade credit
B. Line of credit
C. Discounting facility
D. Overdraft

Question 93:

• JAMB 2005

The bank that discount bills of exchange is the?

A. Central bank
B. Mortage bank
C. Development bank
D. Comercial bank

Question 94:

• JAMB 2005

The bank that discount bills of exchange is the?

A. Central bank
B. Mortage bank
C. Development bank
D. Comercial bank

Question 95:

• JAMB 2005

To increase the supply of money in a country, the central bank has to?

A. Reduce cash ratio
B. Sell securities
C. Call on special deposits
D. Raise cash ratio