The financial institution known as a building society is?

by Sunday | Oct 21 | Economics JAMB | 0 comments

A. commercial bank
B. central bank
C. mortgage bank
D. development bank

Correct Answer:

Option C – mortgage bank

Explanation

Mortgage bank is a financial institution which grants loans for building purposes.

Users Also Read These:

Recent Posts

Products

Phonetic Symbols Original price was: ₦1,000.00.Current price is: ₦300.00.
Intonation Functions And Importance Original price was: ₦1,000.00.Current price is: ₦300.00.
Phases In English Plosives Original price was: ₦1,000.00.Current price is: ₦300.00.
Speech Organs Original price was: ₦1,000.00.Current price is: ₦300.00.
School Budget Planning Original price was: ₦1,000.00.Current price is: ₦300.00.

Product categories

Earn Your Degree In 3 Years Without Writing UTME. Click Here To Learn More.