Name that capital

Exercise and reference answers

Questions

1. Question

   The ceiling set by the memorandum

   Choices

   1. Authorised
   2. Paid up
   3. Called up

   Correct choice

   Authorised

2. Question

   The part offered to the public

   Choices

   1. Paid up
   2. Issued
   3. Called up

   Correct choice

   Issued

3. Question

   The part the public applied for

   Choices

   1. Authorised
   2. Issued
   3. Subscribed

   Correct choice

   Subscribed

4. Question

   The money actually in the company's hands

   Choices

   1. Paid up
   2. Issued
   3. Authorised

   Correct choice

   Paid up

Instructions

Tap the kind of capital each phrase describes.

Explanation