A. interest B. brokerage C. poundage D. premium Correct Answer: Option C - poundage Explanation This is a small fee…
A. debit note B. proforma invoice C. letter of credit D. credit note Correct Answer: Option D - credit note…
A. Errors of exception B. Errors and omissions excepted C. Estimated and order error D. End of error Correct Answer:…
A. indigenisation B. privatisation C. deregulation D. commercialisation Correct Answer: Option B - privatisation Explanation privatization is moving something from…
A. an auctioneer B. a broker C. a liquidator D. an auditor Correct Answer: Option C - a liquidator Explanation…
A. Token money B. commodity money C. fiat money D. representative Correct Answer: Option B - commodity money Explanation Money…
A. capital B. labour C. land D. rent Correct Answer: Option C - land Explanation land is a different type…
A. a contract B. an offer C. an acceptance D. a consideration Correct Answer: Option A - a contract Explanation…
A. the central bank B. at least two banks C. his bank D. any bank Correct Answer: Option D -…
A. Law of contract B. Trade description Act C. Company's Act D. Partnership Act Correct Answer: Option B - Trade…