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Wednesday, 11 November 2026
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The bank which acts as the lender of last resort is the

The bank which acts as the lender of last resort is the
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Central bank
  • B Commercial bank
  • C Merchant bank
  • D Mortegage bank
Correct Answer: Option A
Explanation:
The central bank acts as the lender of last resort by providing emergency financial assistance to banks and other eligible financial institutions when they cannot obtain sufficient funds from other sources. This helps maintain stability in the banking system.

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