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WAEC Economics 2015 Question 37

Question 37

Financial Institutions

The main item traded on a stock exchange market is

  1. A.treasury bills
  2. B.travellers' cheques.
  3. C.foreign currencies
  4. D.new shares.
Show the answer and explanation

Answer: D (new shares.)

Explanation

The stock exchange deals mainly in shares and other long-term securities.