JAMB - Commerce (2017 - No. 31)
The differences between the central bank and commercial bank is that the former ______
discount treasury bills
give loans to the public
saves valuable of individual
serves as lender of last resort
Explication
Options A, B,C are duties carried out by the commercial banks. Central bank is the apex bank. They offer loans to banks or other eligible institutions that are experiencing financial difficulties and have no other means of borrowing and fails to obtain credit.