A financial institution established for the purpose of providing specialzed services like acceptance of bills...
ECONOMICS
WAEC 2014
A financial institution established for the purpose of providing specialzed services like acceptance of bills of exchange and equipment leasing is known as
- A. Merchant Bank
- B. Development Bank
- C. Central Bank
- D. Insurance Company
Correct Answer: A. Merchant Bank
Explanation
Merchant Bank; a bank dealing in commercial loans and investment.
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