A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a?
A. bull B. bear C. dealer D. stag Correct Answer: Option A – bull
A trader who gives credit stands to enjoy?
A. higher profit B. cash discount C. increased sales D. trade discount Correct Answer: Option C – increased sales
An account maintained with a commercial bank for the purpose of foreign exchange transaction is the?
A. foreign account B. international account C. domiciliary account D. foreign reserves account Correct Answer: Option C – domiciliary account
In order to prevent Liquidity in commercial banks; the central banks uses?
A. moral suasion B. fiscal policy C. reserve ratio D. taxation Correct Answer: Option C – reserve ratio
Determine the company’s reserve share capital?
Miamani Plc, whose nominal capital is made up of 5000 000 ordinary shares of 50k each, decided to offer 80% of it to the public and realized only 50% of the amount due. A. N2500 000 B. N1000 000 C. N1500 000 D. N2000 000 Correct Answer: Option B – N1000...Products
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