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Jamb Economics Past QuestionsJamb Past Questions and Answers on Financial InstitutionsQuestion 11:Which of the following institutions does not operate in the money market? A. Central bank B. Mortgage banks C. Money deposit banks D. Insurance companies Question 12:The interest charged on loans is determined by the __________? A. Exchange rate B. Fiscal policy C. Risk associated with the loan D. Rate of production in the country Question 13:Which of the following is NOT among the financial institutions in Nigeria? A. Federal Mortgage Bank B. Microfinance Banks C. Insurance Banks D. Federal Ministry of Finance Question 14:The financial institution known as a building society is A. Commercial bank B. Central bank C. Mortgage bank D. Development bank Question 15:A commercial bank can create money by A. Issuing currency B. Increasing cash ratio C. Issuing cheque D. Lending to borrowers |
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