Post Utme Unilorin 2018 Commerce Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2018 Commerce Objective / Multiple Choice
Question 4 POST_UTME_UNILORIN • 2018 • COMMERCE • objective

A bank's primary function is to act as a financial intermediary between savers and borrowers. What is the primary benefit of using a bank?

Answer Options

A. To provide a safe and secure place to store money
B. To facilitate the transfer of funds between individuals
Correct Answer C. To provide a source of credit for borrowers
D. To offer investment opportunities for savers
Correct Answer
C
Correct Option:
To provide a source of credit for borrowers

About This Question

This is Post Utme Unilorin 2018 Commerce Question 4. It is one of the objective questions from the 2018 Post Utme Unilorin Commerce examination.

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