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O-LevelEconomicsMicroeconomic decision makers2281/11 · Oct/Nov 2010 · Q121 Mark

A stock exchange is a market in which

Asystem of barter operates.
Bthe interest rate is fixed.
Cthe value of the exchange rate is determined.
Dshares are bought and sold.

✓ Correct answer

D: shares are bought and sold.

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About this question

Topic
Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2010 Paper 1 Variant 1, question 12.

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