passwella.
Menu

WAEC Commerce 1998 Question 86

Question 86

Stock Exchange

A speculator who applies for new stocks and shares with the intention of selling them at a higher price is a

  1. A.bull
  2. B.stag
  3. C.bear
  4. D.jobber
  5. E.broker
Show the answer and explanation

Answer: B (stag)

Explanation

A stag buys new issues hoping to sell quickly at a profit.