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WAEC Commerce 2006 Question 28

Question 28

Stock Exchange

A speculator who applies for a new issue of shares without the intention of keeping them is

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

Answer: B (stag)

Explanation

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