Post Utme Igbinedion University 2018 Commerce Question 15
Practice objective / multiple choice question 15 from the 2018 Post Utme Igbinedion University Commerce examination.
A bank has a reserve requirement of 10% and a cash reserve of ₦1,000,000. If the bank makes a loan of ₦5,000,000, what is the maximum amount of deposits that the bank can accept?
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About This Question
This is Post Utme Igbinedion University 2018 Commerce Question 15. It is one of the objective questions from the 2018 Post Utme Igbinedion University Commerce examination.
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