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Jamb Commerce Past QuestionsQuestion 226:Given: Opening stock 40 000 Purchases 115 000 Closing stock 60 000 Sales 250 000 What is the cost of goods sold? A. N 155 000 B. N 95 000 C. N 50 000 D. N 30 000 Question 227:In the channel of distribution, which of the following sets is entirely made up of middlemen? A. Wholesalers, retailers and agents B. Manufacturers, consumers and retailers C. Wholesalers, agents and consumers D. Retailers, manufacturers and wholesalers Question 228:Goods imported into a country for the purpose of re-exporting attracts a rebate known as A. Customs draw back B. Export royalty C. Incentive D. Export rebate Question 229:Most foreign trade transaction are paid for through the use of A. Central bank cheques B. Bank drafts drawn by commercial banks on their foreign branches C. Irrevocable and confirmed letters of credit D. Letters of credit authenticated by the embassies of the respective countries Question 230:RRF as a scheme introduced by the central bank of Nigeria means A. Recording and Rediscounting Facility B. Refinancing and Recording Facility C. Refinancing and Rediscounting Facility D. Refinancing and Reinvesting Facility |
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