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WAEC Commerce 2024 Question 4

Question 4

Business Finance

A source of finance peculiar to public companies is

  1. A.sale of shares.
  2. B.personal savings.
  3. C.membership contribution.
  4. D.borrowing from friends.
Show the answer and explanation

Answer: A (sale of shares.)

Explanation

Only a public company can raise money by selling shares to the general public.