WAEC Commerce 2022 Objective — Question 20
Question 20 of 50 from the West African Examinations Council (WAEC) 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
Central banks cannot deal directly with the public for other everyday banking functions such as collecting deposits.
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