Post Utme Covenant University 2017 Commerce Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2017 Commerce Objective / Multiple Choice
Question 18 POST_UTME_COVENANT_UNIVERSITY • 2017 • COMMERCE • objective

A bank's cash reserve ratio is 10%. If the bank has a cash reserve of ₦100,000, how much can it lend to customers?

Answer Options

A. ₦900,000
Correct Answer B. ₦1,000,000
C. ₦1,100,000
D. ₦1,200,000
Correct Answer
B
Correct Option:
₦1,000,000

About This Question

This is Post Utme Covenant University 2017 Commerce Question 18. It is one of the objective questions from the 2017 Post Utme Covenant University Commerce examination.

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