JAMB Economics 2018 Objective — Question 2
Question 2 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2018 Objective paper, with the correct answer and a full explanation.
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The maximum amount of money a company is allowed to raise by issuing shares to the public is
- A. Paid-up capital
- B. Issued capital
- C. Authorized CapitalCorrect
- D. Capital premium
Explanation
Authorized capital is the maximum amount of capital a company is permitted to raise through share issuance, as stated in its memorandum.
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