Question 9
POST_UTME_EKSU
•
2017
•
COMMERCE
•
objective
What is the main difference between a commercial bank and a merchant bank in the context of banking and financial institutions?
Answer Options
Correct Answer
A.
A commercial bank provides a wide range of financial services to individuals and businesses, while a merchant bank specializes in providing financial services to businesses.
B.
A commercial bank specializes in providing financial services to businesses, while a merchant bank provides a wide range of financial services to individuals and businesses.
C.
A commercial bank provides financial services to individuals and businesses, while a merchant bank provides financial services to businesses and governments.
D.
A commercial bank provides financial services to businesses and governments, while a merchant bank provides financial services to individuals and businesses.
Correct Answer
A
Correct Option:
A commercial bank provides a wide range of financial services to individuals and businesses, while a merchant bank specializes in providing financial services to businesses.
About This Question
This is
Post Utme Eksu
2017
Commerce
Question 9.
It is one of the
objective
questions from the
2017
Post Utme Eksu
Commerce
examination.