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JAMB Economics 2014 Question 30

Question 30

Financial Institutions

Short-term loans for investment are usually obtained through the

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

Answer: A (money market.)

Explanation

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