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WAEC Agricultural Science 1998 Question 57

Question 57

Agricultural Finance

The source of farm credit which is interest-free is

  1. A.a commercial bank
  2. B.an agricultural and co-operative bank
  3. C.a money lender
  4. D.a co-operative society
  5. E.self financing
Show the answer and explanation

Answer: E (self financing)

Explanation

Using one's own savings costs no interest.