Post Utme Christopher University 2018 Commerce Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2018 Commerce Objective / Multiple Choice
Question 30 POST_UTME_CHRISTOPHER_UNIVERSITY • 2018 • COMMERCE • objective

A bank has a reserve requirement of 10% of its deposits. If the bank has ₦1,000,000 in deposits, how much must it keep in reserve?

Answer Options

Correct Answer A. ₦100,000
B. ₦200,000
C. ₦300,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Christopher University 2018 Commerce Question 30. It is one of the objective questions from the 2018 Post Utme Christopher University Commerce examination.

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