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WAEC Commerce 1991 (August) Question 24

Question 24

Banking

The market for short term loans is known as the

  1. A.capital market
  2. B.discount market
  3. C.money market
  4. D.stock market
  5. E.open market
Show the answer and explanation

Answer: C (money market)

Explanation

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