The bank that conducts research on an economy, thereby identifying obstacles to growth is the...
COMMERCE
WAEC 2023
The bank that conducts research on an economy, thereby identifying obstacles to growth is the
- A. commercial bank
- B. mortgage bank
- C. development bank
- D. central bank
Correct Answer: C. development bank
Explanation
Development banks are financial institutions that focus on providing long-term financing and support for economic development projects and initiatives. They play a vital role in promoting economic growth and addressing various obstacles to development within an economy.
One of the key functions of a development bank is to conduct research and analysis on the economy it operates in. This research helps identify obstacles or challenges to economic growth, such as infrastructure gaps, financing needs, industry bottlenecks, regulatory hurdles, and other barriers that hinder development.
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