Utme 2020 Commerce Question 10

Practice objective / multiple choice question 10 from the 2020 Utme Commerce examination. This question covers Banking .

Utme 2020 Commerce Objective / Multiple Choice 2 Difficulty
Topic: Banking
Question 10 UTME • 2020 • COMMERCE • objective

Charges for loans, paid by commercial banks to the Central Bank of Nigeria are called

Answer Options

A. credit charges
B. interest rates
C. bank charges
Correct Answer D. bank rates
Correct Answer
D
Correct Option:
bank rates

About This Question

This is Utme 2020 Commerce Question 10. It is one of the objective questions from the 2020 Utme Commerce examination.

The question covers Banking .

Difficulty level: 2 .

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