Post Utme Unn 2017 Commerce Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Unn Commerce examination.

Post Utme Unn 2017 Commerce Objective / Multiple Choice

Question 34 POST_UTME_UNN • 2017 • COMMERCE • objective

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

A. To provide a safe and secure place for customers to store their money

Correct Answer B. To facilitate the transfer of funds between individuals and businesses

C. To offer a range of financial products and services to customers

D. To manage the risk associated with lending and borrowing

Correct Answer

Correct Option:

To facilitate the transfer of funds between individuals and businesses

This is Post Utme Unn 2017 Commerce Question 34. It is one of the objective questions from the 2017 Post Utme Unn Commerce examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support