GCE Economics 2023 Objective — Question 3
Question 3 of 50 from the General Certificate of Education (GCE) Economics 2023 Objective paper, with the correct answer and a full explanation.
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Which of the following items is not classified as working capital? A. Equipment B. Fuel C. Money to pay wages D. Semi-finished goods
- A. EquipmentCorrect
- B. Fuel
- C. Money to pay wages
- D. Semi-finished goods
Explanation
Working capital (circulating capital) is used for day-to-day productive activities, e.g. fuel, wages, raw materials. Equipment is fixed capital, not working capital.
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