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JAMB Commerce 2005 Question 41

Question 41

Stock Exchange

The market where only indigenous firms are considered is the

  1. A.money market
  2. B.second-tier securities market
  3. C.local market
  4. D.stock exchange
Show the answer and explanation

Answer: B (second-tier securities market)

Explanation

The second-tier securities market was set up so that smaller indigenous Nigerian firms could raise capital with easier listing rules.