WAEC Economics 2013 Objective — Question 4
Question 4 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.
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A debenture holder earns a
- A. commission
- B. profits
- C. fixed interestCorrect
- D. quasi-rent
Explanation
A debenture is a loan given to a company for an agreed period. It is repaid to the holder at maturity with a fixed interest on it.
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