Post Utme Christopher University 2023 Commerce Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2023 Commerce Objective / Multiple Choice
Question 14 POST_UTME_CHRISTOPHER_UNIVERSITY • 2023 • COMMERCE • objective

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

Answer Options

Correct Answer A. ₦1,000,000
B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Christopher University 2023 Commerce Question 14. It is one of the objective questions from the 2023 Post Utme Christopher University Commerce examination.

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