Post Utme Afe Babalola University 2020 Commerce Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2020 Commerce Objective / Multiple Choice
Question 28 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • COMMERCE • objective

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

Answer Options

A. To provide liquidity to the economy
Correct Answer B. To facilitate the transfer of funds between individuals and businesses
C. To manage risk and reduce uncertainty for borrowers
D. To increase the overall level of economic activity
Correct Answer
B
Correct Option:
To facilitate the transfer of funds between individuals and businesses

About This Question

This is Post Utme Afe Babalola University 2020 Commerce Question 28. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Commerce examination.

View More Post Utme Afe Babalola University 2020 Commerce Questions More Post Utme Afe Babalola University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support