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

COMMERCEJAMB 1998

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

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

Correct Answer: A. latter is owned solely by government while the former are not

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