Post Utme Babcock University 2018 Commerce Question 33

Practice objective / multiple choice question 33 from the 2018 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2018 Commerce Objective / Multiple Choice
Question 33 POST_UTME_BABCOCK_UNIVERSITY • 2018 • COMMERCE • objective

A bank has a reserve requirement of 20% and a cash reserve of ₦1,000,000. What is the maximum amount of loans the bank can make?

Answer Options

Correct Answer A. ₦4000000
B. ₦5000000
C. ₦6000000
D. ₦7000000
Correct Answer
A
Correct Option:
₦4000000

About This Question

This is Post Utme Babcock University 2018 Commerce Question 33. It is one of the objective questions from the 2018 Post Utme Babcock University Commerce examination.

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