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WAEC Commerce 2023 Question 32

Question 32

Banking

The bank that conducts research on an economy, thereby identifying obtacles to growth is the

  1. A.central bank.
  2. B.commercial bank.
  3. C.development bank
  4. D.mortgage bank.
Show the answer and explanation

Answer: A (central bank.)

Explanation

The central bank studies the whole economy, publishes reports and advises government on problems and policies.