A. primary and secondary -tier market B. commercial and mortgage market C. secondary and primary market D. money and commodities market
Correct Answer: C
Explanation
The Nigerian Stock Exchange (NSE) oversees the organized trading in capital markets products, including stocks, mutual funds, treasury bills, and bonds. The Capital Market in Nigeria is a deregulated market which is made up of both primary and secondary markets.
Primary market: this is the part of the capital market where companies raise funds through the sale of new securities, while the secondary market, on the other hand, is a platform where investors purchase and sell existing securities.