Post Utme Joseph Ayo Babalola University 2024 Commerce Question 5

Practice objective / multiple choice question 5 from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2024 Commerce Objective / Multiple Choice
Question 5 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • COMMERCE • objective

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

Answer Options

Correct Answer A. Commercial bank
B. Investment bank
C. Central bank
D. Savings bank
Correct Answer
A
Correct Option:
Commercial bank

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Commerce Question 5. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Commerce examination.

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