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A person who buys new issues with a view of reselling at a higher price...

Commerce
JAMB 2021

A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a

  • A. bear
  • B. bull
  • C. dealer
  • D. stag
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Correct Answer: Option B
Explanation

A bull market is the condition of a financial market in which prices are rising or are expected to rise. A trader in the stock exchange market who buys stocks with the hope of selling them at a higher price is called a bull.


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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995