JAMB Commerce 2008 Objective — Question 22

Question 22 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2008 Objective paper, with the correct answer and a full explanation.

22. A warehouse which is used to store goods whose custom duty is not yet paid is a

A. wholesale warehouse
B. bonded warehouseCorrect
C. public warehouse
D. branded warehouse

Explanation

A bonded (customs-controlled) warehouse is used for retention of imported goods until the duty owed is paid.

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