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Bonds - Jamb Commerce Past Questions and Answers

Jamb Commerce Past Questions

Jamb Past Questions and Answers on Bonds

Question 6:

JAMB 2015

A type of long-term loan granted to companies with fixed interest rate as well as with redeemable and irredeemable features is referred to as projects.

A. Debenture
B. A bond
C. A term loan
D. An overdraft

View Answer & Explanation

Question 7:

JAMB 2015

A bond which attracts interest but leaves the capital repaid is referred to as

A. A redeemable bond
B. An irredeemable bond
C. A development bond
D. A long-term loan

View Answer & Explanation

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