JAMB Commerce 2014 Objective — Question 35

Question 35 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2014 Objective paper, with the correct answer and a full explanation.

The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is a

A. arbitrage
B. B.franco
C. contango
D. backwardationCorrect

Explanation

Backwardation is a percentage paid by a person selling stock for the right of delaying its delivery.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Commerce 2014 Objective More Commerce past papers