Free account: track your progress — Sign up free

JAMB Commerce 2011 Objective — Question 19

Question 19 of 49 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2011 Objective paper, with the correct answer and a full explanation.

Advertisement

The major source of income to commercial banks is A. deposits B. loans C. Interests D. overdraft

  • A. A. deposits
  • B. B. loans
  • C. C. InterestsCorrect
  • D. D. overdraft

Explanation

Interest charged on loan is the major source of income for commercial banks.

Advertisement

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 2011 ObjectiveMore Commerce past papers