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WAEC Commerce 1996 Question 64

Question 64

Business Finance

Which of the following is not a source of capital?

  1. A.Personal savings
  2. B.Credit transfer
  3. C.Bank loan
  4. D.Credit purchase
  5. E.Debenture
Show the answer and explanation

Answer: B (Credit transfer)

Explanation

A credit transfer is just a way of paying money into accounts; it does not provide capital.