A commercial bank is unique in that it is the only instit...
A commercial bank is unique in that it is the only institution that
Makes loans to private people and businessmen
Accept deposits
Can store people’s valuables
Can transfer money from one place to another for its customers
Saves money through the granting of credits
Correct answer is B
The most distinctive features of a commercial bank are borrowing and lending, i.e., acceptance of deposits and lending of money to earn Interest (profit).
Separation of ownership of resources and their control is mostly found in a _________ ...
A collective data which has not been processed is referred to as ...
If the supply of a product is elastic, a small reduction in price will ...
Which of the following situations can give rise to economic problems? ...
The investment expenditure of an economy changes by N2 million and MPC is 0.75 The multiplier is ...
The quickest way of achieving an economic union on regional basis is to remove all ...
A central argument of cardinal utility is that utility is ...
The term of trade often measured by the ratio of the index of export ...
The Net National Product (NNP) is Gross National Product (GNP) less ...