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One Of The Functions Of A Commercial Bank Is That It? - Erudites Academy

One of the functions of a commercial bank is that it?

by | Aug 5 | Economics WAEC | 0 comments

A. is responsible for formulating monetary policies
B. accepts demand and time deposits from customers
C. is the lender of the last resort
D. is the banker of the government
E. is responsible for issuing currency notes

Correct Answer:

Option B – accepts demand and time deposits from customers

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