JAMB Past Questions and Answers - Page 208

1,037.

One advantage of a crossed cheque is that it can?

A.

only be paud into a savings account

B.

be cashed over the bank's counter

C.

only be paid into the owner's account

D.

be cashed by anyone

Correct answer is C

No explanation has been provided for this answer.

1,038.

A good financial instrument which serves as a hedge against inflation is?

A.

a bond

B.

a share

C.

an opion

D.

a warrant

Correct answer is A

No explanation has been provided for this answer.

1,039.

To increase the supply of money in a country, the central bank has to?

A.

reduce cash ratio

B.

sell securities

C.

call on special deposits

D.

raise cash ratio

Correct answer is A

No explanation has been provided for this answer.

1,040.

The fixed and current assets of a business are called?

A.

called up capital

B.

capital employed

C.

paid-up capital

D.

authorized capital

Correct answer is B

No explanation has been provided for this answer.