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WAEC Commerce 2010 Question 33

Question 33

Business Finance

Which of the following is not a source of fund for sole proprietorship?

  1. A.Personal savings
  2. B.Borrowing from friends and relatives
  3. C.Borrowing from financial institution
  4. D.Government bonds
Show the answer and explanation

Answer: D (Government bonds)

Explanation

Government bonds are a way for government to borrow, not a source of funds for a sole trader.