Merchants banks perform all the following functions EXCEP...
Merchants banks perform all the following functions EXCEPT
Raising of capital for industry
Provision of current account facilities
Management of investment portfolios
Provision of credit for overseas trade
Correct answer is B
No explanation has been provided for this answer.
Depreciation = $40,000 Gross Domestic Product = $100,000 Factor Payments to Foreigners = $20,0...
Which of the following factors is NOT responsible for the rural/urban drift in Nigeria? ...
A business formation with a minimum of two and maximum of twenty persons is called ...
Small firms are important for the development of a country because ...
Full employment is a situation in which ...
One of the function of money is ...
If a government wants to reduce the level of inflation, it will ...
Which is not responsible for the decline in food production in West Africa? ...