WAEC Commerce 2022 Objective — Question 25
Question 25 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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Which of the following is not a characteristic of a commercial bank?
- A. Established as a limited liability company
- B. Established by individuals or organizations
- C. Established to issue bank notesCorrect
- D. Established with the view of making profit
Explanation
No commercial bank is allowed to issue currency notes; that is the primary responsibility of the central bank.
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