Types And Functions Of Financial Institutions - Economics Jamb Past Questions and Answers

Question 16 :

• JAMB 1979

Which of the following assets of the commercial bank does not yield revenue?

A. Money in the tills of the bank
B. Money at call
C. Treasury certificates
D. Treasury bills
E. Bills of exchange

Question 17 :

• JAMB 1979

which of the financial institutions cannot direct tax loans to individuals?

A. The agricultural bank
B. The Industrial bank
C. The central bank
D. The Co-operative bank
E. The Standard bank

Question 18 :

• JAMB 1980

Which is NOT a function of Central Bank in West Africa

A. Dealing in foreign exchange
B. Issuing of currency
C. Accepting deposit from private customers
D. Acting as government bank
E. Acting as bankers bank

Question 19 :

• 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 20 :

• 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