The bank which acts as the lender of last resort is the

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Commerce JAMB 2022

The bank which acts as the lender of last resort is the

  • Central bank checkmark
  • Commercial bank
  • Merchant bank
  • Mortegage bank

The correct answer is: A

Explanation

The central bank performs the following functions:
- act as lender as last resort
- Facilitates international trade
- Act as bankers bank
- Issue out country's currency

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