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JAMB Economics 2004 Question 8

Question 8

Financial Institutions

The capital market provides business firms with the avenue to

  1. A.lease capital equipment
  2. B.obtain long-term funds
  3. C.obtain short-term funds
  4. D.purchase capital equipment
Show the answer and explanation

Answer: B (obtain long-term funds)

Explanation

The capital market is where firms raise long-term funds by issuing shares and bonds.