Payment made to a carrier for transportation of goods is

• A. frights
• B. fee
• C. fare
• D. duty

The task of grouping consumers according to their buying habits is known as market

• A. diversification
• B. development
• C. expansion
• D. segmentation

The central bank sometimes calls for special deposits from the commercial banks in order to

• A. reduce bank lending
• B. increase bank lending
• C. withraw defaced currencies
• D. issue notes and coins

The Nigerian Stock Exchange publishes a daily official list that gives full information on the?

• A. method of transation agreed to by members
• B. number of participating members in a day
• C. changes in the prices and earnings of securities
• D. changes in the official rules set by the market

On June 17, 2006, Mr. Cham wrote an order cheque of M. Sumarch for D500 drawn on Standard Chartered Bank, Bakau

(a) State the drawer, the payee and the drawee from the above information.

(b) The cheque is crossed "Account Payee only" and "Not Negotiable", Explain four effects of the crossing.

(c) State three advantages of payment by cheque.

Entrepot trade means?

• A. exchange of goods between two countries
• B. exchange of goods among many countries
• C. exporting goods to be re - imported
• D. importing goods to be re-exported

The main requirement for admission to the second-tier securities markets is the?

• A. provision of a three-year trading record
• B. disclosure of all trading activities
• C. creation of a good atmosphere for growth and development
• D. guranteeing dividends to shareholders

A major setback of international trade is?

• A. inadequate exports
• B. economic sanctions
• C. devaluation of currency
• D. exchange rate appreciation

Which of the following is mostly used by a mail order business to sell goods

• A. Posters
• B. Catalogues
• C. Journals
• D. Magazines

A system of buying goods by an agent where the supplier is determined by the principal is

• A. tied shop
• B. closed shop indent
• C. open indent
• D. ring trading