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WAEC Commerce 2015 Question 25

Question 25

Business Finance

The capital that is used in the day-to-day running of a business is.

  1. A.nominal capital.
  2. B.working capital.
  3. C.paid up capital.
  4. D.authorized capital.
Show the answer and explanation

Answer: B (working capital.)

Explanation

Working capital finances the day-to-day running of a business.