passwella.
Menu

WAEC Commerce 1995 Question 40

Question 40

Banking

A mortgage bank is primarily concerned with financing the acquisition of

  1. A.motor vehicles
  2. B.research equipment
  3. C.computer machines
  4. D.dwelling houses
  5. E.factory site
Show the answer and explanation

Answer: D (dwelling houses)

Explanation

Mortgage banks give long-term loans for buying or building houses.