which of the following banks grant credit facilities to individuals wishing to build houses?

Assessment: WAEC SSCE - Economics - 2000 (Objective) Subject: Economics

Question 1 Report

which of the following banks grant credit facilities to individuals wishing to build houses?
Answer Details
The bank that grants credit facilities to individuals wishing to build houses is the Federal Mortgage Bank of Nigeria. It is specifically mandated to provide long-term credit facilities to mortgage institutions in order to enable them to finance the acquisition or construction of houses for residential purposes. Therefore, option D is the correct answer.

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