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A financial institution established for the purpose of providing specialzed services like acceptance of bills...

Economics
WAEC 2014

A financial institution established for the purpose of providing specialzed services like acceptance of bills of exchange and equipment leasing is known as

  • A. Merchant Bank
  • B. Development Bank
  • C. Central Bank
  • D. Insurance Company
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Correct Answer: Option A
Explanation

Merchant Bank; a bank dealing in commercial loans and investment.

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