WAEC Commerce 2024 Objective — Question 21
Question 21 of 50 from the West African Examinations Council (WAEC) Commerce 2024 Objective paper, with the correct answer and a full explanation.
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21. A financial institution established to raise funds for people who wish to build homes is a A.
- A. central bank.
- B. Commercial bank.
- C. development bank.
- D. mortgage bank.Correct
Explanation
The major function of mortgage bank is providing financing for development of building.
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