WAEC Economics 2011 Objective — Question 17
Question 17 of 50 from the West African Examinations Council (WAEC) Economics 2011 Objective paper, with the correct answer and a full explanation.
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All the following are sources of finance to a joint stock company except
- A. A. debentures
- B. B. cooperative loansCorrect
- C. C. shares
- D. D. bank loans
Explanation
A joint stock company can raise its shares through shares, debentures and bank loans but not cooperative loans.
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