JAMB Commerce 1999 Question 30

Question 30

Foreign Trade

The forum for the selling and buying of securities of small and medium companies is called,

  1. A.Second Tier Foreign Exchange Market
  2. B.Foreign Exchange Market
  3. C.Securities and Exchange Commission
  4. D.Second Tier Security Market.
Show the answer and explanation

Answer: D (Second Tier Security Market.)

Explanation

The Second-Tier Securities Market of the Nigerian Stock Exchange was set up for shares of smaller companies.