O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2010 · Q121 Mark

What is a function of a commercial bank?

Aacting as the lender of last resort

Bdeciding what is a legal tender

Cdetermining monetary policy

Dproviding overdrafts

✓ Correct answer

D: providing overdrafts

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2010 Paper 1 Variant 1, question 12.

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