NECO Commerce 2024 Objective — Question 21
Question 21 of 50 from the National Examinations Council (NECO) Commerce 2024 Objective paper, with the correct answer and a full explanation.
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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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