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JAMB Commerce 1998 Question 28

Question 28

Stock Exchange

The type of securities that the stock exchange deals with are

  1. A.warrants, currency notes, money orders and postal orders
  2. B.cheques, bankdrafts, warrants and promissory notes
  3. C.bonds ivory, treasury bills, debentures and warrants
  4. D.stocks, shares, bonds and warrants.
Show the answer and explanation

Answer: D (stocks, shares, bonds and warrants.)

Explanation

The Stock Exchange trades long-term securities such as stocks, shares, bonds and warrants.