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WAEC Economics 2016 Question 39

Question 39

Financial Institutions

The stock market is a market for

  1. A.new and second hand shares.
  2. B.debentures.
  3. C.goods and services.
  4. D.short-term securities.
Show the answer and explanation

Answer: A (new and second hand shares.)

Explanation

Both new issues and existing shares are traded on the stock market.