Which of the following encourages people to save towards owning a house?
Merchant bank
Development bank
Mortgage bank
Commercial bank
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a means of payments through the post office?
Standing Order
Promissory note
Money order
Telegraphic transfer
Correct answer is C
No explanation has been provided for this answer.
drawee and the payee
drawer and the payee
drawee and the drawer
drawer and the payee
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a financial institution?
Commodity Board
Insurnace company
Clearing house
stock exchange
Correct answer is A
No explanation has been provided for this answer.
A bill of exchanged on maturity is allowed?
seven days of grace
five days of grace
four days of grace
three days of grace
Correct answer is A
No explanation has been provided for this answer.