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Tuesday, 28 April 2026
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The difference between the central bank and commercial bank is that the former

The difference between the central bank and commercial bank is that the former
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Serves as lender of last resort
  • B Discount treasury bills
  • C Saves valuable of individual
  • D Give loans to the public
Correct Answer: Option A
Explanation:
The central bank serves as lender of last resort, bankers bank . The CBN issues the country's currency and facilitates foreign exchange.

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