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WAEC Commerce 2024 Question 26

Question 26

Stock Exchange

A market for long-term loans is the

  1. A.capital market.
  2. B.foreign exchange market.
  3. C.money market.
  4. D.new issues market.
Show the answer and explanation

Answer: A (capital market.)

Explanation

The capital market deals in long-term funds; the money market deals in short-term funds.