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A new company requiring a large amount of equity finance may source funds from the?

Commerce
JAMB 2007

A new company requiring a large amount of equity finance may source funds from the?

  • A. capital market
  • B. central bank
  • C. money market
  • D. commercial banks
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Correct Answer: Option D
Explanation

Commercial banks lend large amounts of funds to businesses or corporate entities at a predetermined interest rate. They only lend to companies requiring medium to long-term finances, which is usually large scale.

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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts