Commerce

The development of trade in West Africa was aided by the?

A. emergence of traditional rulers B. arrival of the Portuguese C. Introduction of tax payment D. introduction of money Correct…

6 years ago

Current account holders withdraw money by means of?

A. credit card B. draft C. withdrawal slip D. cheque Correct Answer: Option D D. cheque

6 years ago

Which of the following acted as the Central Bank of West African countries before their independence?

A. The West African Clearing House B. The British Bank For West Africa C. The West African Currency Board D.…

6 years ago

The Central Bank’s monetary policy instrument by which it buys and sells treasury bills is known as?

A. Open Market Operation B. Bank rate C. Cash reserve ratio D. Special deposit Correct Answer: Option A A. Open…

6 years ago

An efficient transport system enables a trader to?

A. widen the market for his products B. avoid customs examination of goods C. adopt better price policy D. reduce…

6 years ago

A licensed person who is authorized to sell to the highest bidder is?

A. principal B. factor C. broker D. auctioneer Correct Answer: Option D D. auctioneer

6 years ago

The collection of tariffs on imported goods is the function of?

A. Ports authority B. Customs and Excise Authority C. Clearing and Forwarding Agents D. Export Promotion Council Correct Answer: Option…

6 years ago

The entitlement of a debenture holder from a company’s income is known as?

A. commission B. interest C. lien D. dividend Correct Answer: Option B B. interest

6 years ago

Which of the following is not an insurance of indemnity?

A. Life B. Marine C. Burglary D. Fire Correct Answer: Option A A. Life

6 years ago

Collecting information on the taste of consumers and the extent of demand for a product is?

A. market research B. market segmentation C. marketing mix D. marketing concept Correct Answer: Option A A. market research

6 years ago