WAEC Commerce 1998 Question 22

Question 22

Banking

Which of the following is not a function of Development Banks?

  1. A.Give long-term loans
  2. B.Invest directly in Agriculture
  3. C.Issue currency notes
  4. D.Give technical advice to investors
  5. E.Embark on priority projects of governments
Show the answer and explanation

Answer: C (Issue currency notes)

Explanation

Only the Central Bank issues currency.