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The lender of last resort in the banking system is the

Economics
WAEC 2005
The lender of last resort in the banking system is the
  • A. industrial banks
  • B. mortgage banks
  • C. commercial banks
  • D. central banks
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Correct Answer: Option D
Explanation
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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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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now