Saturday, 4 September 2010

Test your knowledge

1. List out THREE function of a commercial bank


2. a) What is barter trade?


b) Give TWO difficulty faced by the barter trade system?


3. Sheila has just started a small retail business. She opened a current account with HSBC. State three advantages of opening a current account with HSBC


4. Britney and Jennifer decide to start a business. Advice them on THREE differences between a partnership and a private limited companies


5. List THREE features of department stores


6. Explain the following terms related to cheque

a. Drawer

b. Drawee

c. Payee


7. List down THREE main functions of money


8. Differentiate between extraction occupation and the direct service occupation


9. List THREE advantages of using television as a medium of advertising for promoting a new brand shampoo


10. Commerce is the study of business activities. It is mainly into aids to trade. Name and explain THREE aids to trade

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