Which of the following is an external source of finance for a business? - SchoolNGR

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Which of the following is an external source of finance for a business?

Which of the following is an external source of finance for a business?

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Retained earnings
B Owner’s equity
C Bank loANS#
D Internal savings
E Depreciation

Correct Answer: Option C

Explanation:
Bank loANS# are an external source of finance.

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