Post Utme Oau 2022 Commerce Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Oau Commerce examination.

Post Utme Oau 2022 Commerce Objective / Multiple Choice
Question 6 POST_UTME_OAU • 2022 • COMMERCE • objective

A commercial bank's primary function is to act as a "warehouse" for the economy by providing a safe place for people to store their money. Which of the following is a correct description of this function?

Answer Options

A. To provide loans to customers
Correct Answer B. To act as a safe place for people to store their money
C. To facilitate the exchange of goods and services
D. To manage the risk of investments
Correct Answer
B
Correct Option:
To act as a safe place for people to store their money

About This Question

This is Post Utme Oau 2022 Commerce Question 6. It is one of the objective questions from the 2022 Post Utme Oau Commerce examination.

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