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Jamb Commerce Past Questions and Answers

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Jamb Commerce Past Questions

Question 1496:


A request for goods from another country by an importer would be made using

A. An invoice
B. An indent
C. An order
D. A quotation


Question 1497:


The right to buy or sell stock in the stock exchange within a stipulated period is

A. Option
B. Contango
C. Backwardation
D. Brokerage


Question 1498:


The share value stated on a share certificate is

A. Above par value
B. Below par value
C. Market value
D. Nominal value


Question 1499:


The bank which acts as the lender of last resort is the

A. Central bank
B. Commercial bank
C. Merchant bank
D. Mortegage bank


Question 1500:


An insurance policy which is not a contract of indemnity is

A. Burglary insurance
B. Fire insurance
C. Life insurance
D. Motor insurance






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