JAMB Commerce Past Questions & Answers - Page 135

671.

The conversion of raw materials into finished products creates?

A.

form utility

B.

marginal utility

C.

place utility

D.

time utility

Correct answer is A

No explanation has been provided for this answer.

672.

A current account is beneficial to its holder as?

A.

cheques can be issued to anybody

B.

customers cannot withdraw frequently

C.

it is only the holder that can make withdrawals

D.

it allows customers the use of passbooks

Correct answer is A

Benefits of a Current Account

  • cheques can be issued to anybody
  • Allows for prompt business transactions.
  • No limit on withdrawals.
  • No limit on deposits in the home branch.
  • Enables businessmen to make direct payments using cheques, demand drafts, or pay orders.
  • Provides overdraft facility.
  • Provides internet banking and mobile banking facilities.

673.

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

Correct answer is B

No explanation has been provided for this answer.

674.

Trading on the stock exchange in anticipation of price change in the market value of shares is?

A.

speculation

B.

forecasting

C.

expectation

D.

projection

Correct answer is A

No explanation has been provided for this answer.

675.

Which of the following is a development bank in Nigeria?

A.

Union Bank Plc

B.

First Bank Plc

C.

First City Monument Bank

D.

Federal Mortgage Bank

Correct answer is D

No explanation has been provided for this answer.