The market where only indigenous firms are considered is the
The market where only indigenous firms are considered is the
- A) money market
- B) local market
- C) second-tier securities market
- D) stock exchange
Correct Answer: C) second-tier securities market
Explanation
This question is asking about a specific type of market where only indigenous firms are considered. The options provided are money market, local market, second-tier securities market, and stock exchange.The correct answer is option C: second-tier securities market.
A second-tier securities market is a type of market where securities (such as stocks and bonds) are traded. It is called second-tier because it is not as large or as well-known as the primary stock exchange. In this market, only indigenous firms, which means firms that are owned and operated by people of the country, are considered. This is done to promote and support local businesses and industries.
The money market is a different type of market where short-term debt securities are traded. It is not specific to indigenous firms.
The local market is a general term that can refer to any market that serves a local area. It is not specific to indigenous firms.
The stock exchange is a type of market where stocks (shares of ownership in a company) are bought and sold. It is not specific to indigenous firms.
Therefore, the correct answer is option C: second-tier securities market, as it is the market where only indigenous firms are considered