Post Utme Abu 2019 Commerce Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Abu Commerce examination.

Post Utme Abu 2019 Commerce Objective / Multiple Choice
Question 23 POST_UTME_ABU • 2019 • COMMERCE • objective

A bank's balance sheet is given by Assets = Liabilities + Equity. If the bank's assets increase by 10% and its liabilities increase by 5%, what is the percentage increase in its equity?

Answer Options

A. 2.5%
B. 5.0%
Correct Answer C. 7.5%
D. 10.0%
Correct Answer
C
Correct Option:
7.5%

About This Question

This is Post Utme Abu 2019 Commerce Question 23. It is one of the objective questions from the 2019 Post Utme Abu Commerce examination.

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