Post Utme Futa 2022 Commerce Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Futa Commerce examination.

Post Utme Futa 2022 Commerce Objective / Multiple Choice
Question 10 POST_UTME_FUTA • 2022 • COMMERCE • objective

A bank has a reserve requirement of 20% and a cash reserve of ₦100,000. If the bank wants to increase its cash reserve by 10%, what is the new cash reserve?

Answer Options

A. ₦110,000
B. ₦120,000
Correct Answer C. ₦130,000
D. ₦140,000
Correct Answer
C
Correct Option:
₦130,000

About This Question

This is Post Utme Futa 2022 Commerce Question 10. It is one of the objective questions from the 2022 Post Utme Futa Commerce examination.

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