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WAEC Commerce 1994 Question 15

Question 15

Stock Exchange

A stock exchange is a market for

  1. A.old stocks of goods
  2. B.capital goods only
  3. C.raising new shares
  4. D.existing shares of quoted companies
  5. E.shares of unquoted companies
Show the answer and explanation

Answer: D (existing shares of quoted companies)

Explanation

The Stock Exchange is a market for second-hand (existing) securities of listed companies.