Post Utme Achievers University 2022 Commerce Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2022 Commerce Objective / Multiple Choice
Question 19 POST_UTME_ACHIEVERS_UNIVERSITY • 2022 • COMMERCE • objective

A bank has a reserve requirement of 10%. If the bank has a deposit of ₦100,000, how much must it keep in reserve?

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 Achievers University 2022 Commerce Question 19. It is one of the objective questions from the 2022 Post Utme Achievers University Commerce examination.

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