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WAEC Economics 1995 Question 36

Question 36

Business Organisations

Which of the following is not a source of raising funds for a public limited liability company in West Africa?

  1. A.Bank loans
  2. B.Issue of shares
  3. C.Issue of debentures
  4. D.Ploughing back profits
  5. E.Sales of bonds
Show the answer and explanation

Answer: E (Sales of bonds)

Explanation

Companies borrow long-term through debentures; bonds in West Africa were issued mainly by governments.