Post Utme Bsu 2020 Commerce Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Bsu Commerce examination.

Post Utme Bsu 2020 Commerce Objective / Multiple Choice
Question 25 POST_UTME_BSU • 2020 • COMMERCE • objective

A bank has a reserve requirement of 10% for its customers. If a customer has a deposit of ₦100,000, what is the minimum amount of cash that the bank must hold in reserve?

Answer Options

Correct Answer A. ₦10,000
B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Bsu 2020 Commerce Question 25. It is one of the objective questions from the 2020 Post Utme Bsu Commerce examination.

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