Financial Accounting& Commerce | Study Mode

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Question 31
A
policy with particular average
B
policy free of particular average
C
Marine freight insurance
D
marine voyage policyinsurance
Explanation

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Correct option: A
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Question 32
A
customer's deposit
B
loans and advances
C
Overdrafts
D
staff allowances
Explanation

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Correct option: B
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Question 33
A
wholesale, retailer and agents
B
Manufacturers, consumers and retailer
C
wholesales, agents, and consumers
D
Retailer, manufacturer, and wholesale
Explanation

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Correct option: C
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Question 34
A
central bank cheques
B
bank draft drawn by commercial banks on their foreign branches
C
Irrevocable and confirmed letter of credit
D
Letter of credit authenticated by the embassies of the respective countries.
Explanation

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Correct option: A
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Question 35
A
vertical integration
B
Horizontal integration
C
Integral merger
D
An acquisition
Explanation

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Correct option: B
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Question 36
A
N1 55,000
B
N95,000
C
N50,000
D
N30,000
Explanation

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Correct option: B
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Question 37
A
Sole proprietorship
B
Partnership
C
Cooperative
D
Limited liability company
Explanation

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Correct option: C
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Question 38
A
Debentures
B
Preferred shares
C
Government bonds
D
Ordinary shares
Explanation

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Correct option: C
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Question 39
A
The capital market
B
The money market
C
Bank draft
D
Discount houses
Explanation

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Correct option: A
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Question 40
A
Importer
B
Exporter
C
Nations
D
customers
Explanation

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Correct option: D

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