Post Utme Futa 2024 Commerce Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Futa Commerce examination.

Post Utme Futa 2024 Commerce Objective / Multiple Choice
Question 8 POST_UTME_FUTA • 2024 • COMMERCE • objective

A bank's cash reserve ratio is 10%. If the bank has a cash reserve of ₦1,000,000, what is the total amount of deposits it can make?

Answer Options

A. ₦1,000,000
B. ₦10,000,000
Correct Answer C. ₦100,000,000
D. ₦1,000,000,000
Correct Answer
C
Correct Option:
₦100,000,000

About This Question

This is Post Utme Futa 2024 Commerce Question 8. It is one of the objective questions from the 2024 Post Utme Futa Commerce examination.

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