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Deposit held in a commercial bank are part of

Deposit held in a commercial bank are part of
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Money supply
  • B Transfer payments
  • C Ordinary shares
  • D Treasury bills
Correct Answer: Option A
Explanation:
Commercial bank refers to a financial institution that accepts deposits, offers cheque account services, makes various loans etc. The deposits of commercial banks make up part of the money supply in an economy, which is the total amount of money in circulation or in existence in a country.
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