Post Utme Esut 2023 Commerce Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Esut Commerce examination.

Post Utme Esut 2023 Commerce Objective / Multiple Choice
Question 37 POST_UTME_ESUT • 2023 • COMMERCE • objective

A bank's balance sheet is given by Assets = Liabilities + Equity. If the bank's assets increase by 10% and its liabilities increase by 5%, what is the percentage increase in equity?

Answer Options

A. 2.5%
B. 5%
Correct Answer C. 7.5%
D. 10%
Correct Answer
C
Correct Option:
7.5%

About This Question

This is Post Utme Esut 2023 Commerce Question 37. It is one of the objective questions from the 2023 Post Utme Esut Commerce examination.

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