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WAEC Marketing 2021 Question 34

Question 34

Marketing Finance

An example of long-term source of fund for an entrepreneur is

  1. A.debenture.
  2. B.trade credits.
  3. C.overdraft.
  4. D.customer advances.
Show the answer and explanation

Answer: A (debenture.)

Explanation

Debentures are long-term loans; the others are short-term.