Post Utme Eksu 2019 Commerce Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Eksu Commerce examination.

Post Utme Eksu 2019 Commerce Objective / Multiple Choice
Question 26 POST_UTME_EKSU • 2019 • COMMERCE • objective

A bank's liquidity ratio is 25% of its total deposits. If the bank has ₦5,000,000 in total deposits, how much of its deposits must it keep in liquid assets?

Answer Options

Correct Answer A. ₦1,250,000
B. ₦1,500,000
C. ₦1,750,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦1,250,000

About This Question

This is Post Utme Eksu 2019 Commerce Question 26. It is one of the objective questions from the 2019 Post Utme Eksu Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support