NABTEB Commerce 2022 Objective — Question 20
Question 20 of 50 from the National Business and Technical Examinations Board (NABTEB) Commerce 2022 Objective paper, with the correct answer and a full explanation.
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One of the functions of commercial banks that cannot be performed by central banks is
- A. Collection of old notes
- B. Collection of deposits from the publicCorrect
- C. Issuance of treasury bills
- D. Printing of bank notes
Explanation
Only commercial banks accept deposits directly from members of the public due to their high number of depositors.
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