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WAEC Commerce 1995 Question 46

Question 46

Business Finance

The part of the assets of a business that is available as cash or near cash is called

  1. A.Liquid capital
  2. B.working capital
  3. C.capital employed
  4. D.reserved capital
  5. E.equity
Show the answer and explanation

Answer: A (Liquid capital)

Explanation

Liquid capital is cash and assets that can quickly be turned into cash.