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JAMB Economics 1997 Question 36

Question 36

Financial Institutions

Stocks and shares as well as bonds are examples of instruments used in the

  1. A.commodity markets
  2. B.money markets
  3. C.capital markets
  4. D.security markets
Show the answer and explanation

Answer: C (capital markets)

Explanation

Shares, stocks and bonds raise long-term funds, which is the business of the capital market.