Which one of the following functions of banks in Nigeria is reserved to the Central Bank?

ibadanfinest

10 years ago

The selected answer is wrong:

Central bank can never lend to customer, that's the function of commercial bank / merchant banks. The correct option is C. Central bank is responsible for issuing currency.

REF: As for reference, any economics textbook no matter how shallow its written will suffice

Fudakson

11 years ago

The answer is wrong the correct is C because is only the Central Bank that issue Bank Notes

Fortunate017

11 years ago

It is C

toluhenok

12 years ago

way wrong answer...it is C not D

muili

12 years ago

Ans is not D. Central Bank doesn't lend to customer.

Myschool Amos

10 years ago

thanks for your contributions. the question has been modified.