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Which of the following is not a function of the commercial bank?

Commerce
WAEC 2009

Which of the following is not a function of the commercial bank?

  • A. Collection of deposit
  • B. Safe custody services
  • C. Issuing of currency
  • D. Agents of payment
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Correct Answer: Option C
Explanation

Only the central bank is tasked with the responsibility of issuing currency in a country

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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