JAMB Commerce Past Questions & Answers - Page 173

861.

A retail cooperative society aims at?

A.

hoarding manufactured goods

B.

cutting off the profit of the middlemen

C.

lending money to members at a low interest rates

D.

encouraging members to save money

Correct answer is B

No explanation has been provided for this answer.

862.

The Stock Exchange is a market where?

A.

long-term securities are sold

B.

all types of securities are sold

C.

short-term securities are sold

D.

medium-term securities are sold

Correct answer is B

No explanation has been provided for this answer.

863.

Debentures differ from shares in that

A.

they are secured on the company's assets

B.

ownership is open to the public

C.

they form part of the capital of the business

D.

rewards are usually paid out of profits

Correct answer is A

No explanation has been provided for this answer.

864.

The bulls and bears in the Stock Exchange market help to minimize

A.

the number of shares and bonds sold

B.

price increases of securities

C.

fluctuations in the prices os securities

D.

the elasticity of the prices of securities

Correct answer is C

No explanation has been provided for this answer.

865.

The temporary insurance certificate issued to the insured before drawing up a policy is a?

A.

cover note

B.

testimonial

C.

time policy

D.

proposal form

Correct answer is A

No explanation has been provided for this answer.