After the sentence, a list of possible interpretations of all or part of the sentence is given. Choose the interpretation you consider appropriate…
After the sentence, a list of possible interpretations of all or part of the sentence is given. Choose the interpretation you consider appropriate for the sentence. When he “spilled the beans,” it meant that he
Explanation
Capital market deals in long-term securities (shares, bonds). Money market deals in short-term instruments (treasury bills, commercial paper). Both channel funds from savers to users.
Nigerian Stock Exchange (NGX) is main capital market. Securities and Exchange Commission (SEC) regulates. Companies list shares to raise capital; investors buy hoping for dividends and capital gains.
Market efficiency: prices should reflect all available information. Insider trading (using non-public information) is illegal. Markets provide price discovery, liquidity, and capital allocation.