BECE Business Studies 2022 Objective — Question 14
Question 14 of 119 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2022 Objective paper, with the correct answer and a full explanation.
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Which of the following instruments is used to finance the purchase of buildings?
- A. Corporate bond
- B. Corporate stock
- C. Government bond
- D. Mortgage bondCorrect
- E. Treasury bills
Explanation
A mortgage bond finances property purchases.
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