Post Utme Igbinedion University 2024 Commerce Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2024 Commerce Objective / Multiple Choice

Question 20 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • COMMERCE • objective

A bank's primary function is to act as a financial intermediary between savers and borrowers. Which of the following is a characteristic of a bank's primary function?

Answer Options

Correct Answer A. To act as a financial intermediary between savers and borrowers

B. To provide loans to customers

C. To accept deposits from customers

D. To invest in securities

Correct Answer

Correct Option:

To act as a financial intermediary between savers and borrowers

About This Question

This is Post Utme Igbinedion University 2024 Commerce Question 20. It is one of the objective questions from the 2024 Post Utme Igbinedion University Commerce examination.

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