JAMB Commerce 2009 Objective — Question 16

Question 16 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2009 Objective paper, with the correct answer and a full explanation.

16. The central bank differs from commercial banks because it

A. renders service to customers
B. carries out foreign exchange transactions
C. issues currenciesCorrect
D. discounts bills

Explanation

The central bank is the apex bank in charge of issuing currencies in the country.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Commerce 2009 Objective More Commerce past papers