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JAMB Economics 1982 Question 24

Question 24

Financial Institutions

Functions of commercial banks do NOT include

  1. A.lending with interest charges
  2. B.carrying out transactions on behalf of customers
  3. C.expansion of money supply
  4. D.keeping of security documents for customers
  5. E.printing of currency.
Show the answer and explanation

Answer: E (printing of currency.)

Explanation

Printing and issuing currency is done for the Central Bank, not by commercial banks.