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WAEC Commerce 2014 Theory — Question 18

Question 18 of 50 from the West African Examinations Council (WAEC) Commerce 2014 Theory paper, with the correct answer and a full explanation.

Debentures which are secured by the fixed assets of a company are called

A. mortgaged debenturesCorrect
B. Naked debentures
C. redeemable debentures
D. irredeemable debentures

Explanation

Mortgaged debentures are debentures backed by the fixed assets of the company.

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