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JAMB Commerce 2002 Question 41

Question 41

Business Finance

Securities on which the buyers are not issued with certificates are called

  1. A.authorized securities
  2. B.inscribed securities
  3. C.bearer securities
  4. D.registered securities.
Show the answer and explanation

Answer: B (inscribed securities)

Explanation

With inscribed securities the holder's name is entered in the register and no certificate is issued.