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Which one of the following is not resulted in capital formation? a.Mr. X buys the bonds of a company which develops new ports out of

Which one of the following is not resulted in capital formation?

a.Mr. X buys the bonds of a company which develops new ports out of his savings

b.Mr. X subscribes to equity shares of an airline company in their IPO

c.Mr. X buys a piece of land to grow organic vegitables

d. Mr. X buys gold on the expectation that Gold price is likely to increase.

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