Post Utme Summit University 2024 Commerce Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Summit University Commerce examination.

Post Utme Summit University 2024 Commerce Objective / Multiple Choice
Question 13 POST_UTME_SUMMIT_UNIVERSITY • 2024 • COMMERCE • objective

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

Answer Options

A. A commercial bank.
B. A central bank.
Correct Answer C. A non-bank financial institution.
D. A stock exchange.
Correct Answer
C
Correct Option:
A non-bank financial institution.

About This Question

This is Post Utme Summit University 2024 Commerce Question 13. It is one of the objective questions from the 2024 Post Utme Summit University Commerce examination.

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