Question on: JAMB Economics - 2024
Stock exchange market deals with
A
sales of second hand securities
B
sales of foreign exchange
C
exchange of stock fish for stock
D
exchange of treasury bills
Ask EduPadi AI for a detailed answer
Correct Option: A
The stock exchange market deals with the buying and selling of existing securities (stocks and bonds), often referred to as "second-hand" securities.
- Sales of second-hand securities: Core function of the stock exchange.
- Sales of foreign exchange: Function of the foreign exchange market.
- Exchange of stock fish for stock: Not related to financial markets.
- Exchange of treasury bills: Treasury bills may be traded, but the stock exchange deals with a wider range of securities.
Add your answer
Please share this, thanks!
No responses