Post Utme Nile University 2021 Commerce Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Nile University Commerce examination.

Post Utme Nile University 2021 Commerce Objective / Multiple Choice

Question 18 POST_UTME_NILE_UNIVERSITY • 2021 • COMMERCE • objective

A bank's primary function is to act as a financial intermediary between savers and borrowers. What is the name of the process by which a bank creates new money?

Answer Options

Correct Answer A. Fractional reserve banking

B. Monetary policy

C. Fiscal policy

D. Crowding out

Correct Answer

Correct Option:

Fractional reserve banking

About This Question

This is Post Utme Nile University 2021 Commerce Question 18. It is one of the objective questions from the 2021 Post Utme Nile University Commerce examination.

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