Types Of Bank - Commerce Jamb Past Questions and Answers

Question 6 :

• JAMB 2002

The principal objectives of the Central Bank of Nigeria can be classified broadly into?

A. Bankers' bank lender of last resort and issuance of currency
B. Service, currency management and financial intermediation
C. Banking services, foreign exchange operations and open markets operations
D. Service, monetary policy and developmental functions

Question 7 :

• JAMB 2003

Public debt management is one of the functions of a?

A. Merchant bank
B. Central bank
C. Commercial bank
D. Development bank

Question 8 :

• JAMB 2005

The bank that discount bills of exchange is the?

A. Central bank
B. Mortage bank
C. Development bank
D. Comercial bank

Question 9 :

• JAMB 2005

The bank that discount bills of exchange is the?

A. Central bank
B. Mortage bank
C. Development bank
D. Comercial bank

Question 10 :

• JAMB 2007

The central bank controls the quantity of money in circulation through?

A. Open-market operations
B. Decreasing the tax rate
C. Issuing new currencies
D. Increasing the tax rate