O-LevelEconomicsMicroeconomic decision makers2281/12 · May/June 2017 · Q81 Mark

Which statement about financial matters is correct?

ACommercial banks' main activity is the finance of international trade.

BPaper banknotes possess all the desirable properties needed to act as money.

CStock exchanges trade mainly in second-hand stocks and shares.

DThe central bank acts as the lender of last resort to companies facing bankruptcy.

✓ Correct answer

C: Stock exchanges trade mainly in second-hand stocks and shares.

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2017 Paper 1 Variant 2, question 8.

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