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JAMB Commerce 2011 Question 33

Question 33

Stock Exchange

Second-tier Securities Market differs from the First-tier Securities Market in that the former is

  1. A.highly restricted
  2. B.regulated by the SEC
  3. C.regulated by the NIPC
  4. D.less restricted.
Show the answer and explanation

Answer: D (less restricted.)

Explanation

The Second-tier Securities Market has lighter listing requirements so that small and medium firms can raise capital.