JAMB Commerce 2025 Objective — Question 34
Question 34 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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Credit can be created by:
- A. CBN
- B. Foreign banks
- C. Commercial banksCorrect
- D. Private banks
Explanation
Most credit is created by commercial banks because they are the major banks that accept deposits and give out credit in the form of loans.
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