GCE Commerce 2022 Objective — Question 25
Question 25 of 50 from the General Certificate of Education (GCE) Commerce 2022 Objective paper, with the correct answer and a full explanation.
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Which of the following is not a characteristic of a commercial bank?
- A. Established as a limited liability company
- B. Established by individuals or organizations
- C. Established to issue bank notesCorrect
- D. Established with the view of making profits
Explanation
Issuing bank notes is the sole responsibility of the central bank, not commercial banks.
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