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WAEC Economics 2001 Question 24

Question 24

Business Organisations

Which of the following business units can issue shares?

  1. A.Sole trader
  2. B.Private limited company
  3. C.Central Bank
  4. D.Supermarket
Show the answer and explanation

Answer: B (Private limited company)

Explanation

A limited company raises capital by issuing shares (a private company to its members, not the general public).