Post Utme Unilorin 2021 Commerce Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2021 Commerce Objective / Multiple Choice
Question 13 POST_UTME_UNILORIN • 2021 • COMMERCE • objective

A bank is considering issuing a new type of loan product. What type of financial instrument is the bank most likely to issue?

Answer Options

A. Mortgage
B. Credit card
Correct Answer C. Line of credit
D. Term deposit
Correct Answer
C
Correct Option:
Line of credit

About This Question

This is Post Utme Unilorin 2021 Commerce Question 13. It is one of the objective questions from the 2021 Post Utme Unilorin Commerce examination.

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