Post Utme Caleb University 2019 Commerce Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2019 Commerce Objective / Multiple Choice
Question 28 POST_UTME_CALEB_UNIVERSITY • 2019 • COMMERCE • objective

A bank's investment portfolio includes stocks, bonds, and mutual funds. If the bank allocates 40% of its portfolio to stocks, 30% to bonds, and the remaining 30% to mutual funds, and it has a total portfolio value of ₦10,000,000, how much is allocated to mutual funds?

Answer Options

A. ₦3,000,000
B. ₦3,000,000
C. ₦3,000,000
Correct Answer D. ₦3,000,000
Correct Answer
D
Correct Option:
₦3,000,000

About This Question

This is Post Utme Caleb University 2019 Commerce Question 28. It is one of the objective questions from the 2019 Post Utme Caleb University Commerce examination.

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