Post Utme Joseph Ayo Babalola University 2022 Economics Question 5

Practice objective / multiple choice question 5 from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2022 Economics Objective / Multiple Choice

Question 5 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2022 • ECONOMICS • objective

Agricultural development in Nigeria has been hindered by the lack of access to credit facilities for farmers. What is the most likely cause of this problem?

Answer Options

A. \( \text{High interest rates} \)

Correct Answer B. \( \text{Lack of collateral} \)

C. \( \text{Limited financial literacy} \)

D. \( \text{Inadequate government support} \)

Correct Answer

Correct Option:

\( \text{Lack of collateral} \)

About This Question

This is Post Utme Joseph Ayo Babalola University 2022 Economics Question 5. It is one of the objective questions from the 2022 Post Utme Joseph Ayo Babalola University Economics examination.

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