Post Utme Eksu 2019 Commerce Question 30

Practice objective / multiple choice question 30 from the 2019 Post Utme Eksu Commerce examination.

Post Utme Eksu 2019 Commerce Objective / Multiple Choice
Question 30 POST_UTME_EKSU • 2019 • COMMERCE • objective

A bank's reserve requirement is 10% of its total deposits. If the bank has ₦10,000,000 in total deposits, how much must it keep in reserve?

Answer Options

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

About This Question

This is Post Utme Eksu 2019 Commerce Question 30. It is one of the objective questions from the 2019 Post Utme Eksu Commerce examination.

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