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JAMB Commerce 2004 Question 27

Question 27

Stock Exchange

A specialized institution in Nigeria that deals in capital investments in the form of stocks, shares, bonds and debentures is the

  1. A.Securities and Exchange Commission
  2. B.commodity market
  3. C.Nigerian Stock Exchange
  4. D.Central Bank of Nigeria
Show the answer and explanation

Answer: C (Nigerian Stock Exchange)

Explanation

The stock exchange is the market where securities such as shares, stocks, bonds and debentures are bought and sold. The SEC supervises it but does not deal.