Post Utme Abu 2017 Economics Question 39

Practice objective / multiple choice question 39 from the 2017 Post Utme Abu Economics examination.

Post Utme Abu 2017 Economics Objective / Multiple Choice
Question 39 POST_UTME_ABU • 2017 • ECONOMICS • objective

A bank's reserve requirement is 20%. If the bank has ₦100 million in deposits and the reserve requirement is 20%, find the amount of loans the bank can make.

Answer Options

Correct Answer A. ₦80 million
B. ₦90 million
C. ₦100 million
D. ₦110 million
Correct Answer
A
Correct Option:
₦80 million

About This Question

This is Post Utme Abu 2017 Economics Question 39. It is one of the objective questions from the 2017 Post Utme Abu Economics examination.

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