Post Utme Unilorin 2019 Commerce Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2019 Commerce Objective / Multiple Choice
Question 23 POST_UTME_UNILORIN • 2019 • COMMERCE • objective

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

Answer Options

A. The bank provides a safe and secure place for savers to deposit their money
B. The bank provides a safe and secure place for borrowers to obtain loans
Correct Answer C. The bank provides a safe and secure place for both savers and borrowers to conduct their financial transactions
D. The bank provides a safe and secure place for both savers and borrowers to conduct their financial transactions, and also provides a safe and secure place for both savers and borrowers to conduct their financial transactions
Correct Answer
C
Correct Option:
The bank provides a safe and secure place for both savers and borrowers to conduct their financial transactions

About This Question

This is Post Utme Unilorin 2019 Commerce Question 23. It is one of the objective questions from the 2019 Post Utme Unilorin Commerce examination.

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