A financial institution established for the purpose of providing specialzed services like acceptance of bills…

Economics WAEC 2014

A financial institution established for the purpose of providing specialzed services like acceptance of bills of exchange and equipment leasing is known as

  • Merchant Bank checkmark
  • Development Bank
  • Central Bank
  • Insurance Company

The correct answer is: A

Explanation

Merchant Bank; a bank dealing in commercial loans and investment.

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