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O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2012 · Q151 Mark

Which is a major function of a commercial bank?

Aacting as the lender of last resort
Bcollecting direct and indirect taxes
Cissuing bank notes and coins
Dlending money to its customers

✓ Correct answer

D: lending money to its customers

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About this question

Topic
Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2012 Paper 1 Variant 1, question 15.

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