The most important difference between community banks and peoples’ bank is that the?
COMMERCE
JAMB 1998
The most important difference between community banks and peoples’ bank is that the?
- A. latter is owned solely by government while the former are not
- B. former cater for ruler dwellers while the latter cater for both rural and urban dwellers
- C. former are service oriented while the latter are profit oriented
- D. latter advances loans to the public while former advance loans to the rural dwellers only
Correct Answer: A. latter is owned solely by government while the former are not
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