One profitable form of business undertaken by the commerc...
One profitable form of business undertaken by the commercial banks is
The issuing of cheques
The payment of standing order
Lending money to borrowers
Accepting cheques from customers
Correct answer is C
Lending money to borrowers is one profitable business undertaken by the commercial banks. These banks lend money to borrowers and charge interest for the amount lend for the duration of the loan. The interest paid by borrowers is the lender's (bank) is the profit.
If national income rises by 6% and population rises by 3%, per capita income will ...
An important contribution of small-scale industries to the Nigerian economy is in the area of ...
Find the median of the following set of scores 8,9,6,5,10 ...
External finance for a limited liability company is mainly sourced through ...
The long-run average cost curve is made up of several short-run ...
Which modal of the factor is inelastic? ...
The most important requirement for increasing agriculture output in Nigeria is ...
Net National Product is derived by deducting ...
The major problem of conducing a census in Nigeria is ...
A country is allowed to import just 50,000 tonnes of rice annually. This describes ...