JAMB Economics 2019 Objective — Question 37
Question 37 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2019 Objective paper, with the correct answer and a full explanation.
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Which of the following is a function of the Central Bank, but not of Commercial Banks?
- A. Granting loans to customers
- B. Maintaining stable prices in the economy, regulating marketing policies, and issuing bank notes and coinsCorrect
- C. Accepting customer deposits
- D. Issuing cheque books
Explanation
Maintaining stable prices in the economy, regulating marketing policies, and issuing bank notes and coins are functions of the central bank, while commercial banks grant loans to customers.
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