The bank on which a cheque is drawn is known as the
- A. drawer
- B. drawee
- C. cashier
- D. payee
The assets of a business that is available for cash or near cash is called
- A. equity
- B. capital employed
- C. received capital
- D. liquid capital
The assets of a business that is available for cash or near cash is called
- A. equity
- B. capital employed
- C. received capital
- D. liquid capital
A collective bundle of shares is called?
- A. debenture
- B. stock
- C. bond
- D. share
A written instruction by a current account holder to his bank to debit his account at regular intervals with a specified amount for a given period is known as
- A. standing order
- B. money order
- C. bank draft
- D. overdraft
One of the principles of insurance is
- A. consequential loss
- B. fidelity guarantee
- C. proximate cause
- D. surrender value
One of the principles of insurance is
- A. consequential loss
- B. fidelity guarantee
- C. proximate cause
- D. surrender value
Which of the following is not an economic grouping
- A. Lake Chad Basin Commission
- B. Economic Community of West African States
- C. European Union
- D. International Monetary Fund
Which of the following is not an economic grouping
- A. Lake Chad Basin Commission
- B. Economic Community of West African States
- C. European Union
- D. International Monetary Fund
The document issued by the registrar of companies to permit a public limited company to commence business is
- A. Memorandum of Association
- B. Certificate of Incorporation
- C. Article of Association
- D. Trading certificate
The document issued by the registrar of companies to permit a public limited company to commence business is
- A. Memorandum of Association
- B. Certificate of Incorporation
- C. Article of Association
- D. Trading certificate
Which of the following is concerned with promoting favorable image of an organization?
- A. Consumer soveriegnty
- B. Public relations
- C. Marketing research
- D. Marketing segmentation
Bonded warehouse is a place where
- A. duty free goods are kept
- B. perishable goods are kept
- C. home-made goods are kept
- D. dutiable goods are kept
Which of the following is a feature of mail order business?
- A. Employs many shop assistants
- B. Practices self service
- C. Provides attractive shop front
- D. Rents large warehouse
Which of the following is a feature of mail order business?
- A. Employs many shop assistants
- B. Practices self service
- C. Provides attractive shop front
- D. Rents large warehouse
Current account holders withdraw money by means of
- A. credit card
- B. draft
- C. withdrawal form
- D. cheque
Current account holders withdraw money by means of
- A. credit card
- B. draft
- C. withdrawal form
- D. cheque
Which of the following acted as the central bank for West African countries before their independence?
- A. The West African Clearing House
- B. The British Bank for West Africa
- C. The West African Currency Board
- D. The African Development Bank
Which of the following acted as the central bank for West African countries before their independence?
- A. The West African Clearing House
- B. The British Bank for West Africa
- C. The West African Currency Board
- D. The African Development Bank
The Central Bank’s monetary policy instrument by which it buys and sells treasury bills is known as
- A. Open Market Operation
- B. Bank rate
- C. Cash reserve ratio
- D. Special deposit
The Central Bank’s monetary policy instrument by which it buys and sells treasury bills is known as
- A. Open Market Operation
- B. Bank rate
- C. Cash reserve ratio
- D. Special deposit