The Abuja Stock And Commodity Exchange - SS2 Accounting Past Questions and Answers - page 1
What can investors trade on the Abuja Securities and Commodity Exchange?
Securities and commodities
Goods and services
Real estate
What is the ASCE All-Share Index?
A market index that tracks the performance of all listed companies on the exchange
The total value of all listed companies on the exchange
A trading session on the exchange
What is the regulatory body for the ASCE?
The Central Bank of Nigeria
The Securities and Exchange Commission
The Nigerian Stock Exchange
What are the requirements for a company to be listed on the ASCE?
Financial stability, profitability, and transparency
A large number of employees
A high level of social responsibility
What can be traded as commodities on the ASCE?
Agricultural products, minerals, and oil
Technology stocks
Foreign currencies
What type of trading platform does the ASCE operate?
The ASCE operates an electronic trading platform.
What is the role of the ASCE in the Nigerian economy?
The ASCE provides a means for companies to raise capital and for investors to earn returns on their investments, while also allowing for the trading of commodities.