Post Utme Afe Babalola University 2018 Commerce Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2018 Commerce Objective / Multiple Choice
Question 35 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2018 • COMMERCE • objective

A bank's reserve requirement is 20%. If the bank has ₦100,000 in deposits and wants to increase its lending capacity by 50%, what is the maximum amount it can lend?

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Afe Babalola University 2018 Commerce Question 35. It is one of the objective questions from the 2018 Post Utme Afe Babalola University Commerce examination.

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