Traditional Banks, Central Bank, Mortgage Banks, Merchant Banks, Insurance Companies, Building Societies, Commercial Banks, Development Banks Jamb Economics Past Questions
Question 1
The savings deposit in a commercial bank is called____________?
- A. near money
- B. call money
- C. capital
- D. fund
Question 2
Mortgage banks give loans to investors on a long term basics to_____________
- A. Finance agriculture
- B. establish banks
- C. acquire machinery
- D. build houses
Question 3
The last link in the channel of distribution is____________
- A. Producer
- B. Retailer
- C. Consumer
- D. Wholesaler
Question 4
Life insurance companies contribute to economic development by holding a part of their assets in
- A. Long-term financial instruments
- B. Equipment
- C. Cash and near money
- D. Money-market instruments
Question 5
A manufacturer who wants to build a new plant will source funds from the
- A. commercial banks
- B. money market
- C. capital market
- D. government
