Post Utme Eksu 2018 Commerce Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Eksu Commerce examination.

Post Utme Eksu 2018 Commerce Objective / Multiple Choice
Question 4 POST_UTME_EKSU • 2018 • COMMERCE • objective

A bank's cash reserve ratio is 10%. If the bank has 100,000 in deposits, how much cash must it hold in reserve?

Answer Options

Correct Answer A. 10,000
B. 20,000
C. 30,000
D. 40,000
Correct Answer
A
Correct Option:
10,000

About This Question

This is Post Utme Eksu 2018 Commerce Question 4. It is one of the objective questions from the 2018 Post Utme Eksu Commerce examination.

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