Post Utme Elizade University 2021 Commerce Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2021 Commerce Objective / Multiple Choice
Question 32 POST_UTME_ELIZADE_UNIVERSITY • 2021 • COMMERCE • objective

A bank's assets include a portfolio of stocks and bonds. If the bank's assets are valued at ₦1.5 billion and its liabilities are valued at ₦1.2 billion, what is the bank's equity?

Answer Options

Correct Answer A. ₦300 million
B. ₦400 million
C. ₦500 million
D. ₦600 million
Correct Answer
A
Correct Option:
₦300 million

About This Question

This is Post Utme Elizade University 2021 Commerce Question 32. It is one of the objective questions from the 2021 Post Utme Elizade University Commerce examination.

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