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WAEC Commerce 2012 Question 2

Question 2

Stock Exchange

An issuing house is an outlet for

  1. A.new shares and bonds.
  2. B.non-listed companies shares.
  3. C.existing shares and bonds.
  4. D.only gilt-edged securities.
Show the answer and explanation

Answer: A (new shares and bonds.)

Explanation

An issuing house helps companies sell new shares and bonds to the public; existing shares are traded on the stock exchange.