Post Utme Babcock University 2022 Economics Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2022 Economics Objective / Multiple Choice
Question 13 POST_UTME_BABCOCK_UNIVERSITY • 2022 • ECONOMICS • objective

A bank has a reserve requirement of 20% and a cash reserve of ₦100 million. If it wants to increase its l\ending by ₦50 million, what will be the new cash reserve?

Answer Options

A. ₦150 million
B. ₦120 million
C. ₦110 million
Correct Answer D. ₦130 million
Correct Answer
D
Correct Option:
₦130 million

About This Question

This is Post Utme Babcock University 2022 Economics Question 13. It is one of the objective questions from the 2022 Post Utme Babcock University Economics examination.

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