Post Utme Bsu 2020 Commerce Question 28

Practice objective / multiple choice question 28 from the 2020 Post Utme Bsu Commerce examination.

Post Utme Bsu 2020 Commerce Objective / Multiple Choice
Question 28 POST_UTME_BSU • 2020 • 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. 2%
B. 5%
Correct Answer C. 7%
D. 10%
Correct Answer
C
Correct Option:
7%

About This Question

This is Post Utme Bsu 2020 Commerce Question 28. It is one of the objective questions from the 2020 Post Utme Bsu Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support