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WAEC Marketing 2018 Question 27

Question 27

Marketing Finance

The source of fund for Mr. John who got his capital from the money he kept in bank is

  1. A.personal savings.
  2. B.bank loan.
  3. C.plough-back profit.
  4. D.bank overdraft.
Show the answer and explanation

Answer: A (personal savings.)

Explanation

Money he saved in his own bank account is his personal savings.