passwella.
Menu

WAEC Economics 1999 Question 24

Question 24

Financial Institutions

Mortgage banks give loans to investors on long term basis to

  1. A.finance agriculture
  2. B.establish banks
  3. C.acquire machinery
  4. D.build houses
Show the answer and explanation

Answer: D (build houses)

Explanation

Mortgage banks specialise in long-term loans for buying or building houses.