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JAMB Commerce 2013 Question 30

Question 30

Stock Exchange

Gilt-edged securities are issued mainly by

  1. A.individuals.
  2. B.non-governmental organizations.
  3. C.Government.
  4. D.multi-national companies.
Show the answer and explanation

Answer: C (Government.)

Explanation

Gilt-edged securities are government stocks, very safe because government is unlikely to default.