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BECE Pre Vocational Study 2023 Objective — Question 49

Question 49 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Pre Vocational Study 2023 Objective paper, with the correct answer and a full explanation.

The interest bearing certificate sold by government to raise money for capital and expansion of agricultural projects is called

A. assets.
B. auctions.
C. bonds.Correct
D. debentures.
E. shares.

Explanation

Government raises money by selling interest-bearing bonds.

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