NABTEB Commerce 2024 Objective — Question 21

Question 21 of 50 from the National Business and Technical Examinations Board (NABTEB) Commerce 2024 Objective paper, with the correct answer and a full explanation.

A financial institution established to raise funds for people who wish to build homes is a

A. A. central bank
B. B. commercial bank
C. C. development bank
D. D. mortgage bankCorrect

Explanation

A mortgage bank specializes in raising funds and providing loans for people who wish to build or buy homes.

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