BECE Business Studies 2023 Objective — Question 1
Question 1 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2023 Objective paper, with the correct answer and a full explanation.
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Which of the following financial institutions accepts and keeps deposits for customers?
- A. Central bank
- B. Commercial banksCorrect
- C. Finance houses
- D. Insurance companies
- E. Stock exchange
Explanation
Commercial banks accept and keep customers' deposits.
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