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WAEC Economics 1999 Question 22

Question 22

Financial Institutions

In the money market, money can only be borrowed for

  1. A.long term
  2. B.short term
  3. C.capital project
  4. D.public utilities
Show the answer and explanation

Answer: B (short term)

Explanation

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