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WAEC Commerce 2007 Question 34

Question 34

Banking

Which of the following is not a function of the Central Bank?

  1. A.Banker to the government
  2. B.Bankers' bank
  3. C.Issuance of currency notes
  4. D.Granting loans to the public.
Show the answer and explanation

Answer: D (Granting loans to the public.)

Explanation

The central bank does not lend to the general public.