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JAMB Commerce 2022 Paper
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© africaexams.com
Question : 63
Total: 80
The bank which acts as the lender of last resort is the
Central bank
Commercial bank
Merchant bank
Mortegage bank
Validate
Solution:
The central bank performs the following functions:
- act as lender as last resort
- Facilitates international trade
- Act as bankers bank
- Issue out country's currency
© africaexams.com
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