WAEC Commerce 2025 Objective — Question 29

Question 29 of 51 from the West African Examinations Council (WAEC) Commerce 2025 Objective paper, with the correct answer and a full explanation.

A financial institution which offers loans to small scale businesses is a

A. building society
B. central bank
C. forex bureau
D. microfinance instituteCorrect

Explanation

Even though some other financial institutions offer loans to small scale businesses, microfinance is the major institution that offers loans to them more easily.

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