Utme 2019 Commerce Question 15

Practice objective / multiple choice question 15 from the 2019 Utme Commerce examination. This question covers Finance .

Utme 2019 Commerce Objective / Multiple Choice 3 Difficulty
Topic: Finance
Question 15 UTME • 2019 • COMMERCE • objective

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

Answer Options

A. an overdraft
B. a term loan
Correct Answer C. a debenture
D. a bond
Correct Answer
C
Correct Option:
a debenture

About This Question

This is Utme 2019 Commerce Question 15. It is one of the objective questions from the 2019 Utme Commerce examination.

The question covers Finance .

Difficulty level: 3 .

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