Post Utme Rsu 2017 Commerce Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Rsu Commerce examination.

Post Utme Rsu 2017 Commerce Objective / Multiple Choice

Question 26 POST_UTME_RSU • 2017 • 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 characteristic of a financial intermediary?

Correct Answer A. ( ext{It pools funds from savers and lends them to borrowers} )

B. ( ext{It provides financial services to its customers} )

C. ( ext{It invests in securities and other financial assets} )

D. ( ext{It provides insurance services to its customers} )

Correct Answer

Correct Option:

( ext{It pools funds from savers and lends them to borrowers} )

This is Post Utme Rsu 2017 Commerce Question 26. It is one of the objective questions from the 2017 Post Utme Rsu Commerce examination.

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