Post Utme Joseph Ayo Babalola University 2020 Commerce Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2020 Commerce Objective / Multiple Choice
Question 35 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • 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?

Answer Options

A. It has unlimited liability.
B. It has limited liability.
Correct Answer C. It is a financial intermediary.
D. It is a commercial bank.
Correct Answer
C
Correct Option:
It is a financial intermediary.

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Commerce Question 35. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Commerce examination.

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