Post Utme Covenant University 2020 Commerce Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2020 Commerce Objective / Multiple Choice
Question 24 POST_UTME_COVENANT_UNIVERSITY • 2020 • COMMERCE • objective

A bank's investment portfolio consists of stocks, bonds, and mutual funds. If the bank has a total investment of ₦1,000,000, and the stocks account for 30% of the portfolio, what is the value of the stocks?

Answer Options

A. ₦300,000
B. ₦350,000
Correct Answer C. ₦400,000
D. ₦450,000
Correct Answer
C
Correct Option:
₦400,000

About This Question

This is Post Utme Covenant University 2020 Commerce Question 24. It is one of the objective questions from the 2020 Post Utme Covenant University Commerce examination.

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