passwella.
Menu

JAMB Economics 2003 Question 22

Question 22

Financial Institutions

The distinguishing characteristic between the money market and the capital market lies in whether the

  1. A.securities are primary or secondary
  2. B.debt instruments provided are long-term or short-term
  3. C.funds mobilized are private or public
  4. D.securities are in debentures or ordinary shares
Show the answer and explanation

Answer: B (debt instruments provided are long-term or short-term)

Explanation

The money market deals in short-term funds and the capital market in long-term funds.