Post Utme Aaua 2018 Commerce Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Aaua Commerce examination.

Post Utme Aaua 2018 Commerce Objective / Multiple Choice
Question 4 POST_UTME_AAUA • 2018 • COMMERCE • objective

A bank's reserve requirement is 10%. If the bank has a deposit of ₦100,000, how much must it reserve?

Answer Options

Correct Answer A. ₦10,000
B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Aaua 2018 Commerce Question 4. It is one of the objective questions from the 2018 Post Utme Aaua Commerce examination.

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