Cash - Legal tender - Jamb Commerce Past Questions and Answers

Question 1:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2:

• JAMB 2019

A terms of payment in which the buyer pays cash immediately for goods bought before he takes them away is called____

A. Prompt cash
B. Cash on delivery
C. Spot cash
D. Cash with order