JAMB Commerce 2007 Objective — Question 15

Question 15 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2007 Objective paper, with the correct answer and a full explanation.

A new company requiring a large amount of equity finance may source funds from the

A. commercial banks
B. capital marketCorrect
C. central bank
D. money market

Explanation

The capital market is the source of long-term funds; companies needing a large equity capital layout can raise it by issuing shares in the capital market.

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