Post Utme Summit University 2018 Commerce Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Summit University Commerce examination.

Post Utme Summit University 2018 Commerce Objective / Multiple Choice
Question 12 POST_UTME_SUMMIT_UNIVERSITY • 2018 • COMMERCE • objective

A company has a cash balance of ₦1,000,000 and a current account balance of ₦500,000. The company's cash manager wants to invest the excess cash in a short-term investment that will mature in 30 days. Which of the following investments would be suitable?

Answer Options

Correct Answer A. A 30-day commercial paper with a face value of ₦1,000,000.
B. A 30-day treasury bill with a face value of ₦500,000.
C. A 30-day certificate of deposit with a face value of ₦1,000,000.
D. A 30-day money market fund with a face value of ₦500,000.
Correct Answer
A
Correct Option:
A 30-day commercial paper with a face value of ₦1,000,000.

About This Question

This is Post Utme Summit University 2018 Commerce Question 12. It is one of the objective questions from the 2018 Post Utme Summit University Commerce examination.

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