Post Utme Rhema University 2021 Commerce Question 39

Practice objective / multiple choice question 39 from the 2021 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2021 Commerce Objective / Multiple Choice

Question 39 POST_UTME_RHEMA_UNIVERSITY • 2021 • COMMERCE • objective

A company's memorandum of association provides for the issue of debentures to raise capital. What is the primary purpose of debentures?

Answer Options

A. To raise short-term capital

B. To raise long-term capital

Correct Answer C. To provide a source of loan capital

D. To provide a source of equity capital

Correct Answer

Correct Option:

To provide a source of loan capital

About This Question

This is Post Utme Rhema University 2021 Commerce Question 39. It is one of the objective questions from the 2021 Post Utme Rhema University Commerce examination.

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