JAMB - Commerce (2022 - No. 63)
The bank which acts as the lender of last resort is the
Central bank
Commercial bank
Merchant bank
Mortegage bank
Forklaring
The central bank performs the following functions:
- act as lender as last resort
- Facilitates international trade
- Act as bankers bank
- Issue out country's currency
- act as lender as last resort
- Facilitates international trade
- Act as bankers bank
- Issue out country's currency