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WAEC Commerce 2013 Question 15

Question 15

Stock Exchange

A market which deals in the purchase and sale of second-hand securities is the

  1. A.Stock Exchange.
  2. B.Building Society.
  3. C.Shippers Council.
  4. D.Co-operative Society.
Show the answer and explanation

Answer: A (Stock Exchange.)

Explanation

Existing (second-hand) securities are traded on the stock exchange.