Post Utme Babcock University 2021 Commerce Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2021 Commerce Objective / Multiple Choice
Question 19 POST_UTME_BABCOCK_UNIVERSITY • 2021 • COMMERCE • objective

A bank's reserve requirement is the minimum percentage of deposits that it must hold in reserve, rather than lending out. This is typically set by the

Answer Options

Correct Answer A. central bank
B. commercial bank
C. government
D. stock exchange
Correct Answer
A
Correct Option:
central bank

About This Question

This is Post Utme Babcock University 2021 Commerce Question 19. It is one of the objective questions from the 2021 Post Utme Babcock University Commerce examination.

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