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JAMB Economics 2002 Question 12

Question 12

Financial Institutions

The stock exchange is a market for the buying and selling of

  1. A.monetary instruments
  2. B.new shares
  3. C.existing shares
  4. D.treasury bills
Show the answer and explanation

Answer: C (existing shares)

Explanation

The stock exchange is mainly a secondary market where already-issued (existing) shares and securities change hands.