In what categories can money be defined?
A. In terms of function
B. In terms of institution
C. None of the laternatives
D. All of the olternatives
Answer: D
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Which attribute of money as a financial instrumrnt do you think is most important?
A. Transfer of value
B. A medium of exchange and settlement of debts.
C. Store of value
D. Divisibility
Answer: B
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On what term do development banks grant loans?
A. Interest free
B. Large sums if for development purpose
C. Without collateral
D. Very low interest rate
Answer: D
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Who was not supposed to be part owner of a community bank?
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What was the objective focus of community banks?
A. Rural development
B. Urban growth
C. Community leadership
D. None of the alternatives
Answer: A
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What is peculiar to mortgage banks in granting loans?
A. It grants such loans only to individuals
B. It grants loans only to corporate bodies
C. It grants loans for real estate purposes only
D. It grants loans without interst and collateral
Answer: C
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Which of these banks metamorphosed into mirocfinance bank?
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From what organization can you trace the Central Bank of Nigeria?
A. First Bank of Nigeria
B. Barclays Bank
C. British Bank
D. West African Currency Board
Answer: D
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"The CBN is the sole issuer of the country??s legal tender." What do you understand by this statement?
A. Mint and distribute the Naira currency
B. Has the legal authority to sanction an ailing bank
C. Has the exclusive power to to tender for Federal Government contracts
D. Has the exclusive power to register and deregister banks
Answer: A
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Who are the Supervisors and Regulators of the banking business in Nigeria?
A. Commercial banks
B. Federal Government of Nigeria
C. Central Bank of Nigeria
D. Bankers Group
Answer: C
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