Post Utme Al Hikmah University 2022 Commerce Question 3
Practice objective / multiple choice question 3 from the 2022 Post Utme Al Hikmah University Commerce examination.
A bank has a reserve requirement of 10% and a cash reserve of ₦100,000. If the bank's deposits are ₦1,000,000, what is the bank's required reserve ratio?
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This is Post Utme Al Hikmah University 2022 Commerce Question 3. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Commerce examination.
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