A financial institution established for the purpose of providing specialized services like acceptance of bills of exchange and equipment leasing is known as?

By: |Published on: Nov 8|Categories: Economics WAEC| 0 comments

A. Merchant Bank
B. Development Bank
C. Central Bank
D. Insurance Company

Correct Answer: Option A

A. Merchant Bank

Explanation

Merchant Bank:- a bank dealing in commercial loans and investment.

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