The bank which acts as the lender of last resort is the

Commerce

JAMB 2022

A. Central bank
B. Commercial bank
C. Merchant bank
D. Mortegage bank

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Correct Answer: Option A

Explanation

The central bank performs the following functions:
- act as lender as last resort
- Facilitates international trade
- Act as bankers bank
- Issue out country's currency

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The bank which acts as the lender of last resort is the

Correct Answer: Option A

Explanation

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