Post Utme Coal City University 2024 Commerce Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2024 Commerce Objective / Multiple Choice
Question 15 POST_UTME_COAL_CITY_UNIVERSITY • 2024 • COMMERCE • objective

A bank's balance sheet is given by the equation Assets = Liabilities + Equity. If the bank's assets increase by 10% and its liabilities increase by 5%, what is the percentage increase in equity?

Answer Options

A. 2.5%
B. 5%
Correct Answer C. 7.5%
D. 10%
Correct Answer
C
Correct Option:
7.5%

About This Question

This is Post Utme Coal City University 2024 Commerce Question 15. It is one of the objective questions from the 2024 Post Utme Coal City University Commerce examination.

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