JAMB Commerce 2011 Objective — Question 31

Question 31 of 49 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2011 Objective paper, with the correct answer and a full explanation.

Second-Tier Securities Market differs from the First-Tier Securities market in that the former is A. regulated by the SEC B. highly restricted C. regulated by the NIPC D. less restricted

A. A. regulated by the SEC
B. B. highly restricted
C. C. regulated by the NIPC
D. D. less restrictedCorrect

Explanation

The second-tier security market is less restricted compared with the first-tier security market.

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