Post Utme Achievers University 2024 Commerce Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Achievers University Commerce examination.

Post Utme Achievers University 2024 Commerce Objective / Multiple Choice
Question 37 POST_UTME_ACHIEVERS_UNIVERSITY • 2024 • COMMERCE • objective

A bank has a reserve requirement of 10% for its customers. If a customer has a deposit of ₦100000, how much will the bank be required to hold in reserve?

Answer Options

Correct Answer A. ₦10000
B. ₦100000
C. ₦1000000
D. ₦10000000
Correct Answer
A
Correct Option:
₦10000

About This Question

This is Post Utme Achievers University 2024 Commerce Question 37. It is one of the objective questions from the 2024 Post Utme Achievers University Commerce examination.

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