Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
The difference between the buying and selling price of shares is known as?
brokerage
margin
jobber's turn
gross profit
Correct answer is C
Jobber's turn is the difference between the price at which a jobber on the stock exchange market is prepared to buy a share and the price at which the jobber is prepared to sell.
unit of account
measure of value
store of value
medium of exchange
Correct answer is B
Money as a measure of value allows the values of different goods and services to be compared, also referred to as a unit of value. For instance, the value of gold and that of silver is determined by the value of money placed on it.
A major benefit a debtor can derive from using a credit facility is?
better service
goodwill
convenience
control
Correct answer is C
No explanation has been provided for this answer.
The sale of of foreign investment and gold reserves can be used to?
correct adverse balance of trade
increase invisible imports
correct adverse balance of payment
correct a budget deficit
Correct answer is A
No explanation has been provided for this answer.
The abbreviation C and F indicate that the?
production cost excludes the cost of carriage
selling price includes the cost of carriage
cost of production includes dilivery charges
cost price includes the cost of carriage
Correct answer is B
C and F stand for cost and freight, used in contracts for international trade that specify that the seller of the goods is required to arrange for the carriage of goods by sea to a port of destination and provide the buyer with the documents necessary to obtain the items from the carrier.