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WAEC Commerce 1997 Question 78

Question 78

Business Finance

Assets of a business which cannot easily be changed into cash are known as

  1. A.floating capital
  2. B.fixed capital
  3. C.working capital
  4. D.paid-up capital
  5. E.current capital
Show the answer and explanation

Answer: B (fixed capital)

Explanation

Fixed assets such as land and buildings are not easily turned into cash.