WAEC Commerce 2023 Question 14

Question 14

Stock Exchange

Which of the following is not a type of security?

  1. A.Debenture
  2. B.Overdraft
  3. C.Share
  4. D.Stock
Show the answer and explanation

Answer: B (Overdraft)

Explanation

Shares, stocks and debentures are securities traded on the stock exchange; an overdraft is a bank facility.