Post Utme Bsu 2020 Commerce Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Bsu Commerce examination.

Post Utme Bsu 2020 Commerce Objective / Multiple Choice
Question 14 POST_UTME_BSU • 2020 • COMMERCE • objective

A bank offers a credit card with a 0% interest rate for the first 6 months. After the promotional period ends, the interest rate increases to 20%. What type of financial institution is this?

Answer Options

Correct Answer A. Commercial Bank
B. Investment Bank
C. Central Bank
D. Merchant Bank
Correct Answer
A
Correct Option:
Commercial Bank

About This Question

This is Post Utme Bsu 2020 Commerce Question 14. It is one of the objective questions from the 2020 Post Utme Bsu Commerce examination.

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