A commercial bank is able to create money

Question 1 Report

A commercial bank is able to create money

by printing it

by maintaining reserve

by creating a demand deposit as it gives a new loan

by issuing cheques to depositors

by borrowing from the central bank

View Answer

Download The App On Google Playstore

Everything you need to excel in JAMB, WAEC & NECO

Green Bridge CBT Mobile App

Personalized AI Learning Chat Assistant

Thousands of JAMB, WAEC & NECO Past Questions

Over 1200 Lesson Notes

Offline Support - Learn Anytime, Anywhere

Green Bridge Timetable

Literature Summaries & Potential Questions

Track Your Performance & Progress

In-depth Explanations for Comprehensive Learning