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WAEC Commerce 1999 Question 27

Question 27

Stock Exchange

If a company is described as "listed" it means

  1. A.its shares can be traded on the stock exchange
  2. B.it is about to be voluntarily liquidated
  3. C.it is duly registered by the registrar of companies
  4. D.it has been blacklisted
Show the answer and explanation

Answer: A (its shares can be traded on the stock exchange)

Explanation

A listed (quoted) company's shares are traded on the stock exchange.