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Tuesday, 10 November 2026
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First Bank of Nigeria is an example of

First Bank of Nigeria is an example of
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Commercial bank
  • B Central bank
  • C Development bank
  • D Merchant bank
Correct Answer: Option A
Explanation:
First Bank is a commercial bank because it accepts deposits, provides loans and offers banking services to individuals and businesses. Commercial banks serve the general public and operate as financial intermediaries.

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