Post Utme Abu 2025 Commerce Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Abu Commerce examination.

Post Utme Abu 2025 Commerce Objective / Multiple Choice
Question 16 POST_UTME_ABU • 2025 • COMMERCE • objective

A bank's cash reserve ratio is 20%. If the bank has a total deposit of ₦1,000,000, how much of its reserve must it maintain in cash?

Answer Options

Correct Answer A. ₦200,000
B. ₦100,000
C. ₦50,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Abu 2025 Commerce Question 16. It is one of the objective questions from the 2025 Post Utme Abu Commerce examination.

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