Commerce 2008 | Study Mode

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Question 11

An example of a cartel is?

OPEC

ECOWAS

Explanation

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Correct option: A

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Question 12

The cheapest source of funds available to a company is through?

the sale of shares

retained profits

the sale of bonds

lease financing

Explanation

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Correct option: B

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Question 13

Use the information below to answer question 14 and 15.
Miamani Plc, whose nominal capital is made up of 5000 000 ordinary shares of 50k each, decided to offer 80% of it to the public and realized only 50% of the amount due.

What is the company's reserve share capital?

N2500 000

N4000 000

N5000 000

N2000 000

Explanation

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Correct option: A

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Question 14

The components of capital employed in a business are?

owners' equity and long-term debts

total assets and current liabilities

share capital and long-term debts

share capital and current liabilities

Explanation

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Correct option: B

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Question 15

Determine the company's reserve share capital?

N2500 000

N1000 000

N1500 000

N2000 000

Explanation

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Correct option: B

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Question 16

In order to prevent Liquidity in commercial banks, the central banks uses?

moral suasion

fiscal policy

reserve ratio

taxation

Explanation

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Correct option: C

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Question 17

An account maintained with a commercial bank for the purpose of foreign exchange transaction is the?

foreign account

international account

domiciliary account

foreign reserves account

Explanation

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Correct option: C

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Question 18

A trader who gives credit stands to enjoy?

higher profit

cash discount

increased sles

trade discount

Explanation

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Correct option: C

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Question 19

A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a?

bull

bear

dealer

stag

Explanation

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Correct option: A

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Question 20

A source of capital that has elements of debt and equity is a?

debenture

warrant

loan

Explanation

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Correct option: D

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