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WAEC Economics 2013 Question 4

Question 4

Business Organisations

A debenture holder earns

  1. A.commisson.
  2. B.profits.
  3. C.fixed interest.
  4. D.quasi-rent.
Show the answer and explanation

Answer: C (fixed interest.)

Explanation

A debenture is a loan to a company, so its holder earns fixed interest.