Which of the following belongs to the capital market?

Assessment: WAEC SSCE - Commerce - 1995 (Objective) Subject: Commerce

Question 1 Report

Which of the following belongs to the capital market?
Answer Details
The capital market is a market for long-term investments, where companies and governments raise funds for their operations and projects. The stock exchange is the correct option that belongs to the capital market, as it is a marketplace where stocks, bonds, and other securities are bought and sold. Commercial banks and savings banks belong to the banking sector, bureau de change is a foreign exchange market and the clearinghouse is a financial institution that handles the settlement of financial transactions.
Read lesson note on Stock Exchange (JAMB)
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