NABTEB Commerce 2023 Objective — Question 20
Question 20 of 50 from the National Business and Technical Examinations Board (NABTEB) Commerce 2023 Objective paper, with the correct answer and a full explanation.
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The financial institution responsible for researching the economy and identifying obstacles to growth is the (a) commercial bank (b) central bank (c) merchant bank (d) development bank
- A. commercial bank
- B. central bankCorrect
- C. merchant bank
- D. development bank
Explanation
The central bank is responsible for the overall health of the economy; it conducts monetary policy and researches the economy to identify and address problems.
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