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WAEC Commerce 2018 Question 37

Question 37

Stock Exchange

A company is quoted on the stock exchange when its shares are

  1. A.put under private placement.
  2. B.not for sale to the public.
  3. C.listed for sale on the exchange.
  4. D.owned by the government.
Show the answer and explanation

Answer: C (listed for sale on the exchange.)

Explanation

A quoted company is one whose shares are listed and traded on the stock exchange.