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JAMB Economics 1979 Question 35

Question 35

Financial Institutions

Which of the financial institutions cannot direct loans to individuals?

  1. A.The Agricultural Bank
  2. B.The Industrial Bank
  3. C.The Central Bank
  4. D.The Co-operative Bank
  5. E.The Standard Bank.
Show the answer and explanation

Answer: C (The Central Bank)

Explanation

The Central Bank deals with the government and banks, not with private individuals.