JAMB Commerce 2021 Objective — Question 39

Question 39 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2021 Objective paper, with the correct answer and a full explanation.

39. Loan for industrial development is best sourced from a. Commercial bank b. Mortgage bank c. Development banks d. BOI

A. Commercial bank
B. Mortgage bank
C. Development banks
D. BOICorrect

Explanation

BOI (Bank of Industry) specialises in providing loans specifically for industrial development.

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