Post Utme Abu 2022 Commerce Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Abu Commerce examination.

Post Utme Abu 2022 Commerce Objective / Multiple Choice
Question 11 POST_UTME_ABU • 2022 • COMMERCE • objective

A commercial bank's primary function is to act as a financial intermediary between savers and borrowers. However, this function is often compromised by the bank's desire to maximize profits. Which of the following best describes the bank's dilemma?

Answer Options

Correct Answer A. The bank must balance its desire for profit with its social responsibility to provide financial services to the community.
B. The bank's primary function is to act as a financial intermediary, and it should not prioritize profit maximization.
C. The bank's desire for profit is a necessary evil, as it allows the bank to provide financial services to the community.
D. The bank's primary function is to maximize profits, and it should not be concerned with social responsibility.
Correct Answer
A
Correct Option:
The bank must balance its desire for profit with its social responsibility to provide financial services to the community.

About This Question

This is Post Utme Abu 2022 Commerce Question 11. It is one of the objective questions from the 2022 Post Utme Abu Commerce examination.

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