Post Utme Futa 2020 Commerce Question 14

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

Post Utme Futa 2020 Commerce Objective / Multiple Choice
Question 14 POST_UTME_FUTA • 2020 • COMMERCE • objective

A bank's reserve requirement is 20%. If the bank's deposits are ₦100,000, what is the bank's required reserve?

Answer Options

Correct Answer A. ₦20,000
B. ₦25,000
C. ₦30,000
D. ₦35,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

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

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