Which of the following is not a function of merchant banks?
Granting long term loans
Advising corporate institutions
Underwriting shares
Discounting bills
Printing new bank notes
Correct answer is E
No explanation has been provided for this answer.
The document which gives the current price and terms of trade of a product is called?
a letter of credit
an invoice
an advice note
a consignment note
an order form
Correct answer is B
No explanation has been provided for this answer.
When firms that operate at different stages in the production of a commodity merge, this is known as
horizontal intergration
vertical intergration
absorption
conglomerate
cartel
Correct answer is B
No explanation has been provided for this answer.
To which of the following occupations does a broker belong?
Extractive
Manufacturing
Commercial
Constructive
Direct services
Correct answer is C
No explanation has been provided for this answer.
Which of the following is used in home trade?
Bill of lading
Bank draft
Letter of credit
Certificate of origin
Documentary credit
Correct answer is B
No explanation has been provided for this answer.