Post Utme Bowen University 2018 Commerce Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2018 Commerce Objective / Multiple Choice
Question 39 POST_UTME_BOWEN_UNIVERSITY • 2018 • COMMERCE • objective

A bank's balance sheet is given by Assets = Liabilities + Equity. If the bank's assets increase by 10% and its liabilities increase by 5%, what is the percentage change in its equity?

Answer Options

A. -5%
B. 0%
C. 5%
Correct Answer D. 10%
Correct Answer
D
Correct Option:
10%

About This Question

This is Post Utme Bowen University 2018 Commerce Question 39. It is one of the objective questions from the 2018 Post Utme Bowen University Commerce examination.

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