The assets of a business that is available for cash or near cash is called
equity
capital employed
received capital
liquid capital
Correct answer is D
Liquid capital is defined as cash or items which are readily converted to cash in a short time
A collective bundle of shares is called?
debenture
stock
bond
share
Correct answer is B
Stock is the capital raised by a company or corporation through the issue and subscription of shares. Summation of shares is referred to as stock
standing order
money order
bank draft
overdraft
Correct answer is A
standing order; an instruction to a bank by an account holder to make regular fixed payments to a particular person or organization.
One of the principles of insurance is
consequential loss
fidelity guarantee
proximate cause
surrender value
Correct answer is C
Proximate cause is an insurance principle that refers to the first event, or first peril, in a series of events that cause damage in an insurance claim.
Which of the following is not an economic grouping
Lake Chad Basin Commission
Economic Community of West African States
European Union
International Monetary Fund
Correct answer is A
Economic grouping is an organization that encourages economic cooperation among its member countries. The The Lake Chad Basin Commission is not an economic grouping.
The Lake Chad Basin Commission is an intergovernmental organization that oversees water and other natural resource usage in the basin.