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JAMB Commerce 2007 Question 43

Question 43

Stock Exchange

Which of the following is a risk-free security?

  1. A.Preference share.
  2. B.Ordinary share.
  3. C.Treasury bill.
  4. D.Debenture.
Show the answer and explanation

Answer: C (Treasury bill.)

Explanation

A treasury bill is a government short-term security, so repayment is practically certain.