JAMB Commerce 2021 Objective — Question 31
Question 31 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2021 Objective paper, with the correct answer and a full explanation.
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31. Which of the following is short term a. Treasury bill b. Mortgage loan c. Bond d. Debentures
- A. Treasury billCorrect
- B. Mortgage loan
- C. Bond
- D. Debentures
Explanation
A short-term loan/instrument is one that matures for repayment within 12 calendar months. Treasury bills usually have maturities as short as 90 days.
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