One major characteristic of credit unions and thrift societies is that?

• A. the legal processes involved in their formation are rigid
• B. membership is compulsory to people in the same line of business
• C. the contribution of every member depends on the member's ability
• D. a minimum of ten people in the same line of business can form the union

Who is the offeree in this contract ?

• A. Musa
• B. Audu
• C. Adamu
• D. Jacob

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

Use the information below to answer 37 and 38. Companies i, ii, iii and iv produce and sell electronic videos. Company i, sells video for N14,000 each and offers advice on how to fix and operate them . Company ii, sells at N14,000 and its representatives go to install at no additional cost. Company iii, sells at N15,500 and offers credit sales at N15,000 each. Which of these companies are more engaged in public activities?

• A. i and ii
• B. i and iii
• C. ii and iv
• D. iii and iv

One major advantage of a credit and thrift cooperative is that

• A. It can approach government for loan
• B. It encourages saving habit
• C. there are no legal restrictions
• D. each member has a vote during meetings

The main factors that determine the value of a stock on the stock Exchange are dividend and

• A. the psychology of the market
• B. capital gain
• C. capital appreciation
• D. warrant payment

A distinguishing characteristic of labour is that it is

• A. constant
• B. expensive
• C. mobile
• D. cost

The activities aimed at finding out customers' needs and satisfaction can be described as?

• A. social-marketing
• B. macro-marketing
• C. micro-marketing
• D. conceptual marketing

The major difference between insurance and assurance is that while insurance

• A. takes care of uncertainty, assurance takes care of risks
• B. takes care of risks , assurance takes care of uncertainty
• C. hinges on probabilities, assurance is based on possibilities
• D. is about indemnity, assurance is about life in the future

The capital owned is

• A. N2,740
• B. N 1,350
• C. N1,150
• D. N570