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JAMB Economics 2009 Question 30

Question 30

Financial Institutions

A manufacturer who wants to build a new plant will source funds from the

  1. A.commercial banks
  2. B.money market
  3. C.capital market
  4. D.government
Show the answer and explanation

Answer: C (capital market)

Explanation

Building a plant needs long-term finance, which is raised on the capital market through shares, bonds and long-term loans.