WAEC Economics 2016 Objective — Question 38
Question 38 of 50 from the West African Examinations Council (WAEC) Economics 2016 Objective paper, with the correct answer and a full explanation.
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38. Which of the following financial institutions cannot be found on the capital market of a country? (a) Commercial bank (b) Mortgage bank (c) Stock exchange (d) Agricultural bank
- A. Commercial bankCorrect
- B. Mortgage bank
- C. Stock exchange
- D. Agricultural bank
Explanation
Commercial banks are a part of the money market, not the capital market.
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