JAMB - Commerce (2025 - No. 13)
Which of the following is not a financial institution?
Insurance company
Stock exchange
Commodity board
Clearing house
Explicació
A financial institution is an establishment that conducts financial transactions such as investments, loans and deposits. This
includes banks, insurance companies, brokerage firms, etc. A commodity board, on the other hand, is not a financial institution. It
is a government body that is responsible for the marketing and development of a particular commodity. It does not conduct
financial transactions like the other options listed.
includes banks, insurance companies, brokerage firms, etc. A commodity board, on the other hand, is not a financial institution. It
is a government body that is responsible for the marketing and development of a particular commodity. It does not conduct
financial transactions like the other options listed.