Commerce 2008 | Study Mode

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Question 11
A
OPEC
B
ECOWAS
C
AU
D
EU
Explanation

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Correct option: A
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Question 12
A
the sale of shares
B
retained profits
C
the sale of bonds
D
lease financing
Explanation

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Correct option: B
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Question 13
A
N2500 000
B
N4000 000
C
N5000 000
D
N2000 000
Explanation

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Correct option: A
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Question 14
A
owners' equity and long-term debts
B
total assets and current liabilities
C
share capital and long-term debts
D
share capital and current liabilities
Explanation

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Correct option: B
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Question 15
A
N2500 000
B
N1000 000
C
N1500 000
D
N2000 000
Explanation

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Correct option: B
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Question 16
A
moral suasion
B
fiscal policy
C
reserve ratio
D
taxation
Explanation

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Correct option: C
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Question 17
A
foreign account
B
international account
C
domiciliary account
D
foreign reserves account
Explanation

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Correct option: C
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Question 18
A
higher profit
B
cash discount
C
increased sles
D
trade discount
Explanation

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Correct option: C
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Question 19
A
bull
B
bear
C
dealer
D
stag
Explanation

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Correct option: A
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Question 20
A
debenture
B
warrant
C
loan
D
share
Explanation

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Correct option: D

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