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WAEC - Commerce (2023 - No. 45)

The bank that conducts research on an economy, thereby identifying obstacles to growth is the
commercial bank
mortgage bank
development bank
central bank

Wyjaśnienie

Development banks are financial institutions that focus on providing long-term financing and support for economic development projects and initiatives. They play a vital role in promoting economic growth and addressing various obstacles to development within an economy.

One of the key functions of a development bank is to conduct research and analysis on the economy it operates in. This research helps identify obstacles or challenges to economic growth, such as infrastructure gaps, financing needs, industry bottlenecks, regulatory hurdles, and other barriers that hinder development.

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