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WAEC Commerce 1993 Question 48

Question 48

Business Finance

The capital that is needed to meet the day-to-day running of a business is the

  1. A.fixed capital
  2. B.reserved capital
  3. C.circulating capital
  4. D.liquid capital
  5. E.capital employed
Show the answer and explanation

Answer: C (circulating capital)

Explanation

Circulating (working) capital pays for stock, wages and other daily expenses.