Concept:The stock exchange is a market for trading long-term financial securities.
Explanation:The stock exchange deals with securities such as ordinary shares, preference shares, debentures, and government bonds.
These securities have long maturity periods because they are used to raise long-term capital for companies and governments.
Securities already issued are bought and sold among investors on this market.
Short-term and medium-term instruments, like treasury bills and commercial papers, are traded in the money market, not the stock exchange.
Answer:D. long term securities are sold