by Sunday | Dec 13 | Commerce JAMB
A. bank charges B. interest rates C. commission on turnover D. minimum lending rate Correct Answer: Option A – bank charges Explanation The term bank charge covers all charges and fees made by a bank to their customers. The term often relates to charges in...
by Sunday | Dec 13 | Commerce JAMB
A. mass advertising B. persuasive advertising C. informative advertising D. competitive advertising Correct Answer: Option C – informative advertising Explanation Informative advertising is the delivery of advertising messages through mass media with the intent...
by Sunday | Dec 13 | Commerce JAMB
A. accepted B. rejected C. discounted D. dishonoured Correct Answer: Option C – discounted Explanation 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...
by Sunday | Dec 13 | Commerce JAMB
A. it is made with transverse lines B. it is made payable to whoever presents it C. it is made without transverse lines D. it is only payable into the payees account Correct Answer: Option B – it is made payable to whoever presents it Explanation A bearer cheque...
by Sunday | Dec 13 | Commerce JAMB
A. 3/9;net 30 B. 9/27;net 30 C. 30;net 9/3 D. 9/30;net 3 Correct Answer: Option D – 9/30;net 3 Explanation 9/30;net 3. This means that, the buyer will get a 3% discount if payment is made on or before day...
by Sunday | Dec 13 | Commerce JAMB
A. a freight note B. an indent C. a bill of landing D. a way bill Correct Answer: Option B – an indent Explanation An indent ia an official order or requisition for goods.