JAMB Past Questions and Answers - Page 243

1,211.

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.

1,212.

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.

1,213.

The body with the responsibility to register shares for subscription on the stock market in Nigeria is the?

A.

Securties and Exchange Commission

B.

Nigerian Stock Exchange

C.

Nigerian Deposit Insurance Company

D.

Central Bank of Nigeria

Correct answer is A

No explanation has been provided for this answer.

1,214.

An essential factor for evaluating the different sources of funds for a business is the?

A.

decree establishing the business

B.

ownership structure of the business concern

C.

size and the type of the business

D.

burden of cost and repayment

Correct answer is B

No explanation has been provided for this answer.

1,215.

A source of short-term finance to companies is?

A.

share capital

B.

debentures

C.

retained earnings

D.

corperate tax

Correct answer is C

No explanation has been provided for this answer.