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O-LevelCommerceBanking7100/12 · Oct/Nov 2012 · Q321 Mark

What is a function of commercial banks?

Aacting as bankers to government

Bdeciding interest rates for savers and borrowers

Clending to businesses and personal customers

Dorganising import and export trade

✓ Correct answer

C: lending to businesses and personal customers

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About this question

Topic: Banking, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2012 Paper 1 Variant 2, question 32.

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