Question 27
Financial InstitutionsSecurities are described as listed when they are
- A.mobilised as long-term debt instruments
- B.traded on a recognised stock market
- C.bought and sold purely for development purposes
- D.mobilized as short-term debt instruments
Show the answer and explanation
Answer: B (traded on a recognised stock market)
Explanation
A listed security is one admitted for trading on a recognised stock exchange.