JAMB Economics 2022 Objective — Question 5
Question 5 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2022 Objective paper, with the correct answer and a full explanation.
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5. Creation of loans is significantly influenced by
- A. (A) Commercial banksCorrect
- B. (B) Mortgage banks
- C. (C) Financial intermediaries
- D. (D) The Central Bank
Explanation
Commercial banks, through their deposit and lending activities, are the institutions most significantly involved in credit/loan creation.
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