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Which of the following is a function of merchant banks?
Classroom
Economics Classroom
Waec
Waec 2013
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Which of the following is a function of merchant banks?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Acting as bankers' bank.
B
Lending to the commercial banks as a last resort
C
Controlling inflation in the economy
D
Underwriting and issuing of shares
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Correct Answer:
Option D
Explanation:
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