JAMB Commerce Past Questions & Answers - Page 158

786.

Non-insurable risk include?

A.

gambling

B.

damage to property

C.

death

D.

marine problems

Correct answer is A

No explanation has been provided for this answer.

787.

Ships that sail across the ocean and operate on scheduled time tables are?

A.

ferries

B.

ocean liners

C.

tramp steamers

D.

coastal liners

Correct answer is B

No explanation has been provided for this answer.

788.

Public debt management is one of the functions of a?

A.

merchant bank

B.

central bank

C.

commercial bank

D.

development bank

Correct answer is B

No explanation has been provided for this answer.

789.

A type of long-term loan granted to companies with fixed interest as well as with redeemable and irredeemable features is referred to as?

A.

a denbenture

B.

a bond

C.

a term loan

D.

an overdraft

Correct answer is A

No explanation has been provided for this answer.

790.

Money can simply be referred to as a?

A.

medium of exchange

B.

means for the settlement of debts

C.

durable assets for doing business

D.

standard of value

Correct answer is A

No explanation has been provided for this answer.