JAMB Commerce 2025 Objective — Question 3
Question 3 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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Which is a function of commercial banks?
- A. Issuing currency
- B. Accepting depositsCorrect
- C. Levying taxes
- D. Enforcing law
Explanation
Commercial banks accept deposits from customers and offer loans; issuing currency, levying taxes and enforcing law are government/central bank functions.
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