WAEC Commerce 1998 Question 31

Question 31

Stock Exchange

New shares are offered for sale to the public through

  1. A.acceptance houses
  2. B.the stock exchange
  3. C.issuing houses
  4. D.discount houses
  5. E.mortgage banks
Show the answer and explanation

Answer: C (issuing houses)

Explanation

Issuing houses arrange the sale of new shares to the public.