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Question

_______ issued by a company is an acknowledgment that the company has borrowed a certain amount of money,which it promises to repay at a future date.

A
Interest Certificate
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B
Share Certificate
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C
Debenture
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D
Demat Certificate
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Solution

The correct option is B Debenture
Debenture issued by a company is an acknowledgment that the company has borrowed a certain amount of money,which it promises to repay at a future date. It is a long term security. Fixed interest is earned by issuing the debentures.

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