Question on: JAMB Economics - 2023
Public corporation is financed with
A
Capital raised from shareholders
B
Tax payer's money
C
Capital raised from stock exchange
D
Capital contributed by owners
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Correct Option: B
Public corporations are often financed with taxpayers' money. Public corporations are entities that are owned and operated by the government. Their funding typically comes from government budgets, and they may also generate revenue through their operations.
Taxpayer money is a significant source of financing for public corporations, allowing them to carry out various functions and services on behalf of the public.
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