Post Utme Abu 2024 Commerce Question 18

Practice objective / multiple choice question 18 from the 2024 Post Utme Abu Commerce examination.

Post Utme Abu 2024 Commerce Objective / Multiple Choice

Question 18 POST_UTME_ABU • 2024 • COMMERCE • objective

The concept of banking and financial institutions is closely related to the idea of money and credit. Which of the following is a correct example of a financial institution?

Correct Answer A. A commercial bank that provides checking and savings accounts.

B. A central bank that regulates the money supply and sets interest rates.

C. A non-bank financial institution that provides loans and credit to individuals and businesses.

D. A government agency that provides financial assistance to small businesses and entrepreneurs.

Correct Answer

Correct Option:

A commercial bank that provides checking and savings accounts.

This is Post Utme Abu 2024 Commerce Question 18. It is one of the objective questions from the 2024 Post Utme Abu Commerce examination.

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