Post Utme Aaua 2022 Commerce Question 12

Practice objective / multiple choice question 12 from the 2022 Post Utme Aaua Commerce examination.

Post Utme Aaua 2022 Commerce Objective / Multiple Choice
Question 12 POST_UTME_AAUA • 2022 • COMMERCE • objective

A company has a policy of maintaining a cash reserve of 20% of its total assets. If the company's total assets are ₦10,000,000, what is the amount of cash reserve?

Answer Options

Correct Answer A. ₦1,000,000
B. ₦2,000,000
C. ₦3,000,000
D. ₦4,000,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Aaua 2022 Commerce Question 12. It is one of the objective questions from the 2022 Post Utme Aaua Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support