JAMB Commerce 2008 Objective — Question 19

Question 19 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2008 Objective paper, with the correct answer and a full explanation.

19. A person who buys new issues with a view of re-selling at a higher price in the near future is referred to as a

A. bull
B. dealer
C. jobber
D. stagCorrect

Explanation

A stag is a stock market speculator who buys a holding expecting a quick short-term rise in value, then sells for profit.

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