The charge paid by a speculator for non-settlement of his account within the specified period is?
A. backwardation B. brokerage C. commission D. contango Correct Answer: Option B = brokerage
The principle that applies when Greene and Sunwar Insurance Companies jointly indemnified Fatou for the destruction of her storey building by fire is
A. contribution B. insurance interest C. proximate cause D. subrogation Correct Answer: Option C = proximate cause
A proportion of the total deposit that a commercial bank must keep as cash and convertible paper is?
A. special deposit B. liquidity ratio C. interest rate D. bank rate Correct Answer: Option B = liquidity ratio
An international trade practice where goods are exchanged for other goods is?
A. entrepot trade B. bilateral trade C. barter trade D. counter trade Correct Answer: Option C = barter trade
XYZ Bank of commerce PLC is the?
A. payee B. endorser C. drawer D. drawee Correct Answer: Option D – draweeProducts
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