Post Utme Covenant University 2017 Commerce Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2017 Commerce Objective / Multiple Choice
Question 32 POST_UTME_COVENANT_UNIVERSITY • 2017 • COMMERCE • objective

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

Answer Options

A. Deposit Taking
Correct Answer B. Credit Creation
C. Money Market Operations
D. Asset Management
Correct Answer
B
Correct Option:
Credit Creation

About This Question

This is Post Utme Covenant University 2017 Commerce Question 32. It is one of the objective questions from the 2017 Post Utme Covenant University Commerce examination.

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