Waec 2022 Economics Question 38

Practice objective / multiple choice question 38 from the 2022 Waec Economics examination. This question covers Banking .

Waec 2022 Economics Objective / Multiple Choice 2 Difficulty
Topic: Banking
Question 38 WAEC • 2022 • ECONOMICS • objective

Commercial banks are different from development banks in that the latter A.

Answer Options

Correct Answer A. lend on short-term basis
B. pay interest on current accounts only
C. are mostly joint-stock companies
D. do not deal in foreign currencies
Correct Answer
A
Correct Option:
lend on short-term basis

About This Question

This is Waec 2022 Economics Question 38. It is one of the objective questions from the 2022 Waec Economics examination.

The question covers Banking .

Difficulty level: 2 .

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