WAEC Commerce 2023 Objective — Question 14
Question 14 of 50 from the West African Examinations Council (WAEC) Commerce 2023 Objective paper, with the correct answer and a full explanation.
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Which of the following is not a type of security?
- A. Debenture
- B. OverdraftCorrect
- C. Share
- D. Stock
Explanation
Overdraft is a soft loan. It is short-term loan, thus, it is not secured. That is why it is not categorised as part of security loan.
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