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What is the main role of the Australian Stock Exchange? (A) Conducting a public market in shares and debentures (B) Buying and selling securities in Australian businesses (C) Providing prudential supervision of financial institutions (D) Ensuring investors create economic growth and employment prospects - HSC - SSCE Business Studies - Question 6 - 2006 - Paper 1
Question 6
What is the main role of the Australian Stock Exchange? (A) Conducting a public market in shares and debentures (B) Buying and selling securities in Australian busi... show full transcript
Worked Solution & Example Answer:What is the main role of the Australian Stock Exchange? (A) Conducting a public market in shares and debentures (B) Buying and selling securities in Australian businesses (C) Providing prudential supervision of financial institutions (D) Ensuring investors create economic growth and employment prospects - HSC - SSCE Business Studies - Question 6 - 2006 - Paper 1
Step 1
Identifying the main role of the Australian Stock Exchange
Answer
The main role of the Australian Stock Exchange (ASX) is to facilitate the buying and selling of shares and other securities. This allows companies to raise capital and investors to trade securities. Therefore, the correct option is:
(A) Conducting a public market in shares and debentures.