Which of the following is not a function of an insurance company?
ECONOMICS
WAEC 1995
Which of the following is not a function of an insurance company?
- A. Mobilization of funds through premiums collected
- B. Encouragement of savings habits through life assurances
- C. Collection of deposits from the public
- D. Granting of loans on long-term basis for investment
Correct Answer: C. Collection of deposits from the public
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