Economics JAMB

The form of capital that is required for the day-to-day running of production activities is called?

A. Fixed capital
B. Social Capital
C. Circulating capital
D. Liquid capital

Correct Answer:

Option D – Liquid capital

Explanation

Liquid or current capital is the type of capital that is required for the day-to-day running of production activities. They are also changed from one form to another examples are finished goods and money.

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