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WAEC Economics 1996 Question 27

Question 27

Financial Institutions

Which of the following is a bank's responsibility to its shareholders?

  1. A.Making profits
  2. B.Creating money
  3. C.Paying high interest rate
  4. D.Preventing inflation
  5. E.Issuing currencies
Show the answer and explanation

Answer: A (Making profits)

Explanation

Shareholders own the bank and expect it to make profits from which dividends are paid.