As free bonds issue for welfare by industrial agencies or pollution control agencies are classified as__________?
Correct answer: D. Both B and C
- A. Agent bonds
- B. Development bonds
- C. Pollution control bonds
- D. Both B and C
Explanation
Development bonds support industrial or economic development, while pollution control bonds finance pollution-control facilities. Since the description covers both issuing purposes, both B and C is the best choice.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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