Commercial Banks - Jamb Economics Past Questions and Answers

Question 6:

• JAMB 1980

Commercial banks can create money in the following ways?

A. By using coins and paper money
B. By borrowing money from banks abroad
C. By receiving deposit from individuals
D. By printing money on the instruction of the central bank
E. None of the above

Question 7:

• JAMB 1980

A commercial bank is able to create money

A. By printing it
B. By maintaining reserve
C. By creating a demand deposit as it gives a new loan
D. By issuing cheques to depositors
E. By borrowing from the central bank

Question 8:

• JAMB 1980

Which of the following is NOT a function of Nigeria commercial Banks?

A. Acceptance of deposit
B. Lending of money
C. Investment in securities and business
D. Issue of currency
E. Selling and buying of travellers cheques

Question 9:

• JAMB 1980

Commercial banks can create money in the following ways

A. By issuing coins and paper money
B. By borrowing money from Banks abroad
C. By receriving deposits from individuals
D. By printing money on the instructions of the Central Bank
E. None of the above

Question 10:

• JAMB 1982

Function of commercial banks do NOT include?

A. Lending with interest charges
B. Carrying out transactions on behalf of customers
C. Expansion of money supply
D. Keeping of security document s for customers
E. Printing of currency