Post Utme Caleb University 2021 Commerce Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2021 Commerce Objective / Multiple Choice

Question 14 POST_UTME_CALEB_UNIVERSITY • 2021 • COMMERCE • objective

A bank's reserve requirement is 10%. If the bank has a deposit of ₦100,000, how much must it keep in reserve?

Answer Options

Correct Answer A. ₦10,000

B. ₦20,000

C. ₦30,000

D. ₦40,000

Correct Answer

Correct Option:

₦10,000

About This Question

This is Post Utme Caleb University 2021 Commerce Question 14. It is one of the objective questions from the 2021 Post Utme Caleb University Commerce examination.

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