Post Utme Elizade University 2021 Commerce Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2021 Commerce Objective / Multiple Choice
Question 35 POST_UTME_ELIZADE_UNIVERSITY • 2021 • COMMERCE • objective

A bank's customers have deposited a total of ₦10 billion in their accounts. If the bank's reserve requirement is 10%, what is the amount of excess reserves?

Answer Options

A. ₦1 billion
Correct Answer B. ₦1.5 billion
C. ₦2 billion
D. ₦2.5 billion
Correct Answer
B
Correct Option:
₦1.5 billion

About This Question

This is Post Utme Elizade University 2021 Commerce Question 35. It is one of the objective questions from the 2021 Post Utme Elizade University Commerce examination.

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