JAMB Commerce Past Questions & Answers - Page 82

406.

A current account holder pays fees for services in form of

A.

bank charges

B.

interest rates

C.

commission on turnover

D.

minimum lending rate

Correct answer is A

The term bank charge covers all charges and fees made by a bank to their customers. The term often relates to charges in respect of personal current accounts or checking account.

407.

The most effective type of advertising for branded products is

A.

mass advertising

B.

persuasive advertising

C.

informative advertising

D.

competitive advertising

Correct answer is C

Informative advertising is the delivery of advertising messages through mass media with the intent of informing a target market about the benefits offered by a product

408.

A bill of exchange paid before its due date at an amount less than its face value is said to have been

A.

accepted

B.

rejected

C.

discounted

D.

dishonoured

Correct answer is C

A discounted bill is one  sold for early payment to a bank or credit institution at less than face value after the bank deducts fees and applicable interest charges. 

409.

A business organization is said to be socially responsible when it?

A.

gets involved in issues relating to the society

B.

rewards its staff for long-term service

C.

offers discounts to customers

D.

invites the public to its annual general meetings

Correct answer is A

Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole. 

410.

The symbol at in an internet mail address is used to?

A.

seperate the user name from the machine name

B.

link the user with other Internet users

C.

locate the addresses of Internet users

D.

link the user with the machine

Correct answer is B

No explanation has been provided for this answer.