Commerce SSS3 First Term
The student should be able to:
1. Explain the meaning of stock exchange
2. State the functions of stock exchange.
Meaning of Stock
Exchange Stock exchange is a specialized market for buying and selling of securities. These securities are shares and stock which represent ownership interests in businesses, debentures and government bonds. This is a market where those who are interested in purchase of securities are brought into contact with the sellers.
Importance of Stock Exchange
1. An avenue for raising capital: Companies and governments raise capital through stock exchange.
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