passwella.
Menu

JAMB Commerce 2014 Question 33

Question 33

Stock Exchange

A document sent by a broker to his client to confirm a purchase of sale made on his behalf is

  1. A.delivery note.
  2. B.consignment note.
  3. C.transfer form.
  4. D.contract note.
Show the answer and explanation

Answer: D (contract note.)

Explanation

A contract note confirms the details of the shares bought or sold for the client.