BFN104
1. When was west African Currency Board established?
1915
1914
1913
1912
2. Identify any of the following that is legally registered outfit to accept funds and other valuables for safe keeping.
Insurance house
Bureau De Change
Bank
stock market
3. Which of the following is not a directorate in the Central Bank Of Nigeria?
Corporate services Directorate
Economic policy Directorate
Chairman’s Directorate
Governor’s Directorate
4. Commercial Banks are also known as what?
Retail Banks
Wholesale banks
Bankers bank
Apex bank
5. Which year did the Centralbank of Nigeria start operations?
1956
1957
1958
1959
6. Which of the following is the described as the apex bank
Gtbank
Central Bank
Zenith Bank
Jaiz Bank
7. The following are all features of money except?
Sprayability
Acceptability
Cognisability
Divisiblity
8. Which is not a Money Deposit Bank in Nigeria?
Access Bank
EcoBank
Lapo Bank
United Bank for Africa
9. The motives for holding money includes the following except
Transactive
Explorative
Precautionary
Speculative
10. Which of the following is the epicenter of a nation’s financial system?
Central Bank
Merchant bank
Mortgage bank
Commercial bank
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