Post Utme Noun 2018 Commerce Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Noun Commerce examination.

Post Utme Noun 2018 Commerce Objective / Multiple Choice

Question 11 POST_UTME_NOUN • 2018 • COMMERCE • objective

A commercial bank's primary function is to act as a "warehouse" for its customers' funds. Which of the following best describes this function?

A. To provide loans to its customers

Correct Answer B. To act as a custodian of its customers' funds

C. To facilitate the transfer of funds between customers

D. To provide investment advice to its customers

Correct Answer

Correct Option:

To act as a custodian of its customers' funds

This is Post Utme Noun 2018 Commerce Question 11. It is one of the objective questions from the 2018 Post Utme Noun Commerce examination.

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