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Which of the following is NOT an instrument in the money market?

Economics
JAMB 2017

Which of the following is NOT an instrument in the money market?
  • A. Treasury bill
  • B. Bill of exchange
  • C. Stocks and shares
  • D. Call money fund
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Correct Answer: Option C
Explanation
Stocks and shares are securities purchase by individuals, which is evidence of contributing part of the total capital used in running an existing industry. Stocks and shares are instruments used in capital market.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
NECO June/July 2024 - Get offline past questions & answers - Download objective & theory, all in one app 48789
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