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WAEC Commerce 2011 Question 40

Question 40

Business Finance

Liquid capital in a business means the

  1. A.movable assets of the business.
  2. B.authorised capital.
  3. C.issued capital.
  4. D.assets easily convertible to cash.
Show the answer and explanation

Answer: D (assets easily convertible to cash.)

Explanation

Liquid capital is cash and assets easily turned into cash.