Post Utme Abu 2024 Commerce Question 39

Practice objective / multiple choice question 39 from the 2024 Post Utme Abu Commerce examination.

Post Utme Abu 2024 Commerce Objective / Multiple Choice

Question 39 POST_UTME_ABU • 2024 • COMMERCE • objective

A bank's primary function is to act as a financial intermediary between savers and borrowers. What is the main benefit of this function?

Correct Answer A. To provide liquidity to the economy

B. To reduce the risk of lending

C. To increase the efficiency of financial transactions

D. To provide a safe and secure place for people to store their money

Correct Answer

Correct Option:

To provide liquidity to the economy

This is Post Utme Abu 2024 Commerce Question 39. It is one of the objective questions from the 2024 Post Utme Abu Commerce examination.

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