Procedure of transactions and speculations - Jamb Commerce Past Questions and Answers

Question 16:

• JAMB 2006

A financial institution which uses its capital strength to acquire controlling interests in other firms can be regarded as a?

A. Subsidiary company
B. Holding company
C. Trusth
D. Cartel

Question 17:

• JAMB 2007

An agent who takes tittle to goods and has authority to buy and sell on behalf of another is?

A. A jobber
B. A broker
C. A factor
D. An auctioneer

Question 18:

• 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

Question 19:

• JAMB 2007

The body regulating the sale and purchase of shares in Nigeria is the?

A. Corporate Affairs Commision
B. Securities and Exchange Commision
C. Securities and Exchange Tribunal
D. Nigeria Stock Exchange

Question 20:

• JAMB 2008

A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a?

A. Bull
B. Bear
C. Dealer
D. Stag