JAMB Economics 2017 Objective — Question 19
Question 19 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2017 Objective paper, with the correct answer and a full explanation.
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Which of the following institutions operate in the money market?
- A. Central Bank
- B. Mortgage banks
- C. Money deposit banksCorrect
- D. Insurance companies
Explanation
Money deposit banks (e.g. commercial banks) belong to and operate within the money market.
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