passwella.
Menu

JAMB Economics 1992 Question 33

Question 33

Financial Institutions

Which of the following is NOT directly concerned with dealings in treasury bills?

  1. A.The stock exchange
  2. B.The Central Bank
  3. C.Commercial banks
  4. D.Discount houses
Show the answer and explanation

Answer: A (The stock exchange)

Explanation

Treasury bills are short-term money-market instruments issued by the Central Bank and traded by banks and discount houses; the stock exchange deals in long-term securities.