passwella.
Menu

JAMB Commerce 2001 Question 35

Question 35

Stock Exchange

One of the main objectives of the Second-tier Securities Market in Nigeria is to

  1. A.achieve a realistic exchange rate for the naira
  2. B.eliminate currency dealings in the black market
  3. C.assist companies to raise capital
  4. D.attract investment flow.
Show the answer and explanation

Answer: C (assist companies to raise capital)

Explanation

The Second-tier Securities Market lets small and medium companies, which cannot meet full listing rules, raise capital from the public.