Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
A del credere agents is distinguished from other agent in that he?
is a partner in a trading fim
works for his principal on commission basis
is a middle man in a transaction involving two or more people
usually guarantees payments in any transcaction
is a dealer on the stock exchange
Correct answer is D
No explanation has been provided for this answer.
bull
bear
broker
jobber
stag
Correct answer is A
No explanation has been provided for this answer.
Ware house are located in Lagos because of?
availability of wholesale
even development
nearness to sea and airports
the need to check smuggling
the need to create additional cost of production
Correct answer is C
No explanation has been provided for this answer.
The main similarity between commercial banks and other financial institution is?
the acceptance of customers' deposit and making on their behalf
financing of balance of payment deficits
creating and destroying money
giving credits to individuals or organizations
giving night safe facilities
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a reason for forming a customer association?
Protection against poor quality goods
Protection against unscrupulous salesmen
Improving the quality of goods to consumers
Improving the quality of services to shoppers
Making profit for consumers
Correct answer is E
No explanation has been provided for this answer.