Post Utme Eksu 2020 Commerce Question 14

Practice objective / multiple choice question 14 from the 2020 Post Utme Eksu Commerce examination.

Post Utme Eksu 2020 Commerce Objective / Multiple Choice
Question 14 POST_UTME_EKSU • 2020 • COMMERCE • objective

A bank's cash reserve ratio is 20%. If the bank has a cash reserve of ₦1,000,000, what is the maximum amount of loans it can give out?

Answer Options

Correct Answer A. ₦4,000,000
B. ₦5,000,000
C. ₦6,000,000
D. ₦8,000,000
Correct Answer
A
Correct Option:
₦4,000,000

About This Question

This is Post Utme Eksu 2020 Commerce Question 14. It is one of the objective questions from the 2020 Post Utme Eksu Commerce examination.

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