NECO Commerce Past Questions & Answers - Page 76

376.

The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as

A.

brokerage

B.

commission

C.

contango

D.

interest

E.

jobbers turn

Correct answer is E

No explanation has been provided for this answer.

377.

Banks issue cheque books to customers holding ......... accounts.

A.

current

B.

deposit

C.

fixed deposit

D.

foreign

E.

savings

Correct answer is A

No explanation has been provided for this answer.

378.

Which of the following warehouse is generally found near a port?

A.

bonded warehouse

B.

distributor's warehouse

C.

manufacturer’s warehouse

D.

producer’s warehouse

E.

wholesaler’s warehouse

Correct answer is A

No explanation has been provided for this answer.

379.

Which of the following is NOT an aim of advertising?

A.

creating a desire to purchase the goods

B.

arousing the interest of the public

C.

attracting the attention of the public

D.

inspiring public confidence in the goods

E.

reducing the cost of the goods produced

Correct answer is E

No explanation has been provided for this answer.