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JAMB Commerce 1997 Question 32

Question 32

Banking

Commercial banks are referred to as departmental stores of banking because they

  1. A.have many branches
  2. B.have many customers
  3. C.are found in the cities
  4. D.offer many types of services.
Show the answer and explanation

Answer: D (offer many types of services.)

Explanation

Like a department store sells many goods under one roof, commercial banks offer many different services.