Which of the following functions is performed by the stock exchange markets?
Provision for bulk purchase
Issuing of treasury bills
Provision of the purchase and sale of existing securities
Discounting bills of exchange
Providing for short-term investment
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a disadvantage of Hire Purchase to the consumer?
Its increases turnover
Temptation to buy more than one can pay for
It demands more capitals from the seller
Increased sales lower the seller's units cost
Correct answer is B
No explanation has been provided for this answer.
The three main types of speculators found in the Stock Exchange market are?
stags, brokers, and bulls
bulls, bears, and stag
bears, jobbers and jobbersbulls, brokers and bears
stags, agents and jobbers
Correct answer is B
No explanation has been provided for this answer.
Which of the following conditions may make the manufacturer sell directly to the consumer?
brake in communication
Inaccessibility of the wholesaler's warehouse
The nature of the commodity involved
inadequate transport facility
Trade imbalance
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not an obligation of a common carrier?
Carrying goods securely and safely
Liability for losses and demages
Delivery of goods at appropriate places
insuring goods intransit
passing through agreed routes
Correct answer is D
No explanation has been provided for this answer.