Post Utme Joseph Ayo Babalola University 2019 Commerce Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2019 Commerce Objective / Multiple Choice
Question 14 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • COMMERCE • objective

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

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 Joseph Ayo Babalola University 2019 Commerce Question 14. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Commerce examination.

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