Question 15

The most important economic characteristic differentiating commercial banks from other financial institutions is their

  • A.Functions as a safe and profitable store place for savings
  • B.Role in financing balance of payments deficits
  • C.Status as an intermediary between savers and borrowers
  • D.Ability to create and destroy money.
Objective

Question details

Exam body
FUTA
Subject
Economics
Year
2006/2007
Question no.
#15
Type
Objective

More from this paper

See all Economics 2006/2007 questions