Post Utme Bsu 2018 Commerce Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Bsu Commerce examination.

Post Utme Bsu 2018 Commerce Objective / Multiple Choice
Question 5 POST_UTME_BSU • 2018 • COMMERCE • objective

A bank's cash reserve ratio is 10%. If the bank has a cash reserve of ₦1,000,000, what is the maximum amount of credit it can extend to customers?

Answer Options

Correct Answer A. ₦9,000,000
B. ₦10,000,000
C. ₦11,000,000
D. ₦12,000,000
Correct Answer
A
Correct Option:
₦9,000,000

About This Question

This is Post Utme Bsu 2018 Commerce Question 5. It is one of the objective questions from the 2018 Post Utme Bsu Commerce examination.

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