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Public enterprises are financed mainly by

Commerce
WAEC 2013

Public enterprises are financed mainly by

  • A. the shareholders
  • B. commercial banks
  • C. government grants
  • D. mortgage banks
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Correct Answer: Option C
Explanation

Public enterprises are financed by direct government finance, in the form of equity, credit, or subsidy capital

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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