WAEC Economics 2013 Objective — Question 32
Question 32 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.
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Which of the following is involved in the money market?
- A. Building society
- B. Development banks
- C. Commercial BanksCorrect
- D. Stock exchange
Explanation
Commercial banks are involved in the money market because they give short-term loans. The money market deals in short-term funds, unlike the capital market (long-term loans).
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