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.
Which of the is a risk-free security?
Preference share
Ordinary share
Treasury bill
Debenture
Correct answer is C
A risk-free asset is one that has a certain future return no possibility of loss. A good example of a risk-free security is the treasury bill.
A treasury bill is a short-term debt instrument, usually with a maturity period of 3 months. It is issued on behalf of the federal government by the central bank to borrow money from the masses.
The difference between the buying and selling price of shares is known as?
brokerage
margin
jobber's turn
gross profit
Correct answer is C
Jobber's turn is the difference between the price at which a jobber on the stock exchange market is prepared to buy a share and the price at which the jobber is prepared to sell.
unit of account
measure of value
store of value
medium of exchange
Correct answer is B
Money as a measure of value allows the values of different goods and services to be compared, also referred to as a unit of value. For instance, the value of gold and that of silver is determined by the value of money placed on it.
A major benefit a debtor can derive from using a credit facility is?
better service
goodwill
convenience
control
Correct answer is C
No explanation has been provided for this answer.
The sale of of foreign investment and gold reserves can be used to?
correct adverse balance of trade
increase invisible imports
correct adverse balance of payment
correct a budget deficit
Correct answer is A
No explanation has been provided for this answer.