Question 41
Business FinanceThe amount of capital with which a new company proposes to be registered is called
- A.called-up capital
- B.nominal capital
- C.fixed capital
- D.issued capital
- E.circulating capital
Show the answer and explanation
Answer: B (nominal capital)
Explanation
Nominal (authorised or registered) capital is the maximum capital stated in the memorandum when the company is registered.