Post Utme Aaua 2019 Commerce Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Aaua Commerce examination.

Post Utme Aaua 2019 Commerce Objective / Multiple Choice
Question 13 POST_UTME_AAUA • 2019 • COMMERCE • objective

A bank's reserve requirement is 10%. If the bank has 100,000 in deposits, how much must it hold in reserves?

Answer Options

Correct Answer A. 10,000
B. 20,000
C. 30,000
D. 40,000
Correct Answer
A
Correct Option:
10,000

About This Question

This is Post Utme Aaua 2019 Commerce Question 13. It is one of the objective questions from the 2019 Post Utme Aaua Commerce examination.

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