Post Utme Eksu 2019 Commerce Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Eksu Commerce examination.

Post Utme Eksu 2019 Commerce Objective / Multiple Choice
Question 24 POST_UTME_EKSU • 2019 • 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 change in its equity?

Answer Options

A. -5%
Correct Answer B. -10%
C. -15%
D. -20%
Correct Answer
B
Correct Option:
-10%

About This Question

This is Post Utme Eksu 2019 Commerce Question 24. It is one of the objective questions from the 2019 Post Utme Eksu Commerce examination.

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