Post Utme Rhema University 2023 Commerce Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2023 Commerce Objective / Multiple Choice
Question 16 POST_UTME_RHEMA_UNIVERSITY • 2023 • COMMERCE • objective

A commercial bank's primary function is to act as a financial intermediary between savers and borrowers. Which of the following is a correct example of a financial intermediary?

Answer Options

Correct Answer A. A commercial bank accepting deposits from customers and lending to other customers
B. A stockbroker buying and selling shares on behalf of clients
C. A merchant bank providing financial advice to companies
D. A central bank regulating the money supply in an economy
Correct Answer
A
Correct Option:
A commercial bank accepting deposits from customers and lending to other customers

About This Question

This is Post Utme Rhema University 2023 Commerce Question 16. It is one of the objective questions from the 2023 Post Utme Rhema University Commerce examination.

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