A. Management of the Naira in foreign countries
B. Mangement of currencies other than the Naira
C. Exhanging the Naira with United States Dollar
D. Minting of foreign currencies by the CBN
Answer: B
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A. Federal Ministry of Trade and Investment
B. Ministry of Foreign Affairs
C. Federal Ministry of Finance
D. Federal Ministry of Commerce and Industry
Answer: C
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A. The West African Central Bank
B. African Development Bank
C. The West African Currency Board
D. Bank of the Northern and Southern Nigeria
Answer: C
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A. The regulation of the currency
B. Acceptance of deposits from the banking populace
C. The performance of general banking and agency for the state
D. The settlement of clearing balances between the banks
Answer: B
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A. A feasibility report of the proposed bank
B. International passports of the directors
C. A list of shareholders, directors and principal officers of the proposed bank and their particulars
D. A draft copy of the memo and articles of association of the proposed bank
Answer: B
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A. Increased number of registered banks
B. Improved government control over the activities of banks.
C. Reduced the number of registered banks
D. Led to the merger of banks in Nigeria
Answer: B
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