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JAMB Commerce 2014 Objective — Question 27

Question 27 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2014 Objective paper, with the correct answer and a full explanation.

Which of the following attracts only interest but leaves the capital unpaid?

A. A long-term loan
B. A development bond
C. A redeemable bond
D. An irredeemable bondCorrect

Explanation

An irredeemable bond attracts interest without payment of principal.

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