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A bond which attracts only interest but leaves the capital unpaid is referred to as?

Commerce
JAMB 2006
A bond which attracts only interest but leaves the capital unpaid is referred to as?
  • A. a long-term loan
  • B. a develoment bond
  • C. a redeemable bond
  • D. an irredeemable bond
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Correct Answer: Option A
Explanation
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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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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now