Question on: WAEC Economics - 2014
Examples of joint stock banks are
A
commercial banks
B
co-operative credit societies
C
central banks
D
development banks
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Correct Option: A
A joint-stock company is a business owned by people called shareholders. Each shareholder owns company stock in proportion to the number of their shares (certificates of ownership). An example of a joint stock company today is a business type that is somewhere between a partnership and a corporation.
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