Post Utme Afe Babalola University 2023 Economics Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2023 Economics Objective / Multiple Choice
Question 29 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ECONOMICS • objective

A bank's reserve requirement is 20%. If the bank's deposits are 100 million naira, what is the minimum amount of cash the bank must hold?

Answer Options

Correct Answer A. 20 million naira
B. 25 million naira
C. 30 million naira
D. 35 million naira
Correct Answer
A
Correct Option:
20 million naira

About This Question

This is Post Utme Afe Babalola University 2023 Economics Question 29. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Economics examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support