1Distinguish between the primary and the secondary market for Securities? (2Marks)

2.Discuss the features that differentiate organized exchange from the over-the-counter market (2Marks)

3. What is a lien, and when is it used in mortgage lending? (1Marks)

4. “A country is always worse off when its currency is weak(falls in value)”Is this statement true, false, or uncertain? Explain your answer. (3Marks)

5.How can a large balance of payment contribute to the country’s inflation rate?(2 Marks)

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