Post Utme Afe Babalola University 2023 Commerce Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2023 Commerce Objective / Multiple Choice
Question 8 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • COMMERCE • objective

A bank's balance sheet is given by the equation Assets = Liabilities + Equity. If the bank has 100 units of assets and 50 units of liabilities, what is the minimum amount of equity it needs to have?

Answer Options

A. 25
B. 30
Correct Answer C. 35
D. 40
Correct Answer
C
Correct Option:
35

About This Question

This is Post Utme Afe Babalola University 2023 Commerce Question 8. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Commerce examination.

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