Post Utme Unilag 2022 Commerce Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Unilag Commerce examination.

Post Utme Unilag 2022 Commerce Objective / Multiple Choice

Question 1 POST_UTME_UNILAG • 2022 • COMMERCE • objective

A commercial bank's primary function is to act as a financial intermediary between savers and borrowers. Which of the following best describes the role of a commercial bank in this context?

A. To provide loans to customers at a lower interest rate than the market rate

Correct Answer B. To accept deposits from customers and invest them in various assets

C. To provide payment services to customers through various channels

D. To offer investment advice to customers

Correct Answer

Correct Option:

To accept deposits from customers and invest them in various assets

This is Post Utme Unilag 2022 Commerce Question 1. It is one of the objective questions from the 2022 Post Utme Unilag Commerce examination.

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