Which of the following is a function of merchant banks?
ECONOMICS
WAEC 2002
Which of the following is a function of merchant banks?
- A. minting of coins
- B. preparation of government budget
- C. keeping watch on external reserves of the country
- D. acting as acceptance houses
Correct Answer: D. acting as acceptance houses
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *