The most important difference between community banks and peoples’ bank is that the?

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Commerce JAMB 1998

The most important difference between community banks and peoples’ bank is that the?

  • latter is owned solely by government while the former are not checkmark
  • former cater for ruler dwellers while the latter cater for both rural and urban dwellers
  • former are service oriented while the latter are profit oriented
  • latter advances loans to the public while former advance loans to the rural dwellers only.

The correct answer is: A

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