JAMB Economics 2012 Question 43

Question 43

Financial Institutions

Long-term funds for investment projects are sourced from the

  1. A.money market
  2. B.commodity market
  3. C.foreign exchange market
  4. D.capital market.
Show the answer and explanation

Answer: D (capital market.)

Explanation

The capital market (stock exchange, bonds) provides long-term funds.