JAMB UTME - Commerce - 2015 | Green Bridge CBT

Question 1 Report

The forum for the selling and buying of securities of small and medium companies is called.

Securities and Exchange Commission

Second tier Security Market

Foreign exchange Market

Second tier foreign Exchange market

Answer Details

The forum for the selling and buying of securities of small and medium companies is called the "Second tier Security Market." This market is also known as the "Second Market" or "Junior Market" and provides a platform for smaller companies to sell their securities to investors. Unlike the primary market, where newly issued securities are sold to the public for the first time, the second tier market is a secondary market where existing securities of small and medium-sized companies can be traded. This market is often less regulated and less liquid than the primary market or major exchanges, but it provides an opportunity for investors to buy into smaller, growing companies with potential for growth.

₦	₦
Capital 8000	Plant and machinery5000
Net profit 4000	Motor Van 4500
Drawings 200	Stock 2000
Creditors 2000	Debtors 1000
Accurals 300	Banks 100
	Cash 600
14100	14100

Opening stock	50,000
Purchases	200,000
Sales	350,000
Closing stock	80,000

₦	₦
Capital 8000	Plant and machinery 5000
Net profit 4000	Motor van 4500
Drawings 200	Stock 2000
Creditors 2000	Debtor 1000
Accruals 300	Bank 100
	Cash 600
14100	14100

Opening stock	1800
Purchases	2800
Sales	800
Closing stock	800
Carriage on sale	500

Name	Insure amount	Actual value	Actual loss
Mr A	30,000	100,000	40,000
Mr B	40,000	120,000	50,000
Mr C	50,000	15,000	70,000






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