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GCE Economics 1989 Question 7

Question 7

Business Organisations

All the following are sources of finance to a Joint Stock Company except

  1. A.bank loan
  2. B.equity shares
  3. C.debentures
  4. D.preference shares
  5. E.cooperative thrift.
Show the answer and explanation

Answer: E (cooperative thrift.)

Explanation

Cooperative thrift societies lend to their own members, not to companies; the other options are normal company finance.