POB Form 4

Which of the following is NOT a function of

money?

• Indivisibility

• Store of value

• Measure of value

• Medium of exchange

ln a public limited company, the losses are

borne by the

• staff

• directors

• community

• shareholders

Which of the following conditions oper-

ated under the barter system?

• All households were self-sufficient

• The rate of exchange was fixed

• Goods were. used as a means of

  exchange

• Oeterminingthe value ofan item was

  easy

Broad policies for Public and Private Com-

panies in the Private Sector are formulated

by the

• shareholders

• board of directors

• company secretary

• managing director

In a public limited company the ordinary

shareholders collect their dividends

• before those holding preferred

  shares

• before those holding debentures

• after those holding deferred shares

• after those holding preferred shares

The bank account which allows a customer to

make payments by cheque is the

• current account

• savings account

• deposit account

• capital account

A post-dated cheque is one which

• was written no longer than six

  months ago

• is dated to agree with the date of the

  document requesting payment

• is dated by the bank on the day it is

  presented for payment

• is dated for payment at a future date

Which of the following is NOT a trading instrument?

• Cheques

• Credit Cards

• Bills of exchange

• Money Remittances

A public limited company in the private

sector is normally established by

• members of the public

• an act of parliament

• a statutory meeting of the national

  Chamber of Commerce

• registration under the Companies

  Act

If you were not sure of a customer's ability

to pay for an order by which of the following means would you request payment?

I. A crossed cheque

II. A money order

III. A bank draft

IV. A promissory note

• I and IV only

• III, II, I and IV

• II and Ill only

• I, II and III only