Post Utme Al Hikmah University 2018 Commerce Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2018 Commerce Objective / Multiple Choice
Question 16 POST_UTME_AL-HIKMAH_UNIVERSITY • 2018 • COMMERCE • objective

A bank's cash reserve ratio is 20%. If the bank has a total deposit of ₦10,000,000, how much cash must it reserve?

Answer Options

Correct Answer A. ₦2,000,000
B. ₦1,500,000
C. ₦2,500,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦2,000,000

About This Question

This is Post Utme Al Hikmah University 2018 Commerce Question 16. It is one of the objective questions from the 2018 Post Utme Al Hikmah University Commerce examination.

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