passwella.
Menu

WAEC Commerce 2026 Question 30

Question 30

Banking

A function of a development bank is to

  1. A.control the circulation of money
  2. B.finance the purchase of equipment
  3. C.issue currency periodically
  4. D.issue treasury bills
Show the answer and explanation

Answer: B (finance the purchase of equipment)

Explanation

Development banks give long-term loans for projects, e.g. to buy machinery and equipment.