Post Utme Lasu 2019 Commerce Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Lasu Commerce examination.

Post Utme Lasu 2019 Commerce Objective / Multiple Choice
Question 18 POST_UTME_LASU • 2019 • COMMERCE • objective

A bank's primary function is to act as a financial intermediary between savers and borrowers. What is the term for the interest rate at which a bank borrows money from depositors?

Answer Options

A. Deposit Rate
B. Lending Rate
C. Reserve Requirement
Correct Answer D. Discount Rate
Correct Answer
D
Correct Option:
Discount Rate

About This Question

This is Post Utme Lasu 2019 Commerce Question 18. It is one of the objective questions from the 2019 Post Utme Lasu Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support