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Which of the following is a function of merchant banks?

Economics
WAEC 2002
Which of the following is a function of merchant banks?
  • A. minting of coins
  • B. preparation of government budget
  • C. keeping watch on external reserves of the country
  • D. acting as acceptance houses
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Correct Answer: Option D
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts