WAEC Economics 2011 Theory — Question 18

Question 18 of 25 from the West African Examinations Council (WAEC) Economics 2011 Theory paper, with the correct answer and a full explanation.

9(a) What is a share?

Model answer

A share is a unit of ownership of a business concern. A shareholder therefore partly owns the firm. The reward is called dividends. While debenture is a loan capital and does not confer ownership on its holder. A debenture holder is a creditor and he collects interests.

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