Post Utme Igbinedion University 2022 Commerce Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2022 Commerce Objective / Multiple Choice
Question 19 POST_UTME_IGBINEDION_UNIVERSITY • 2022 • COMMERCE • objective

A bank has a reserve requirement of 10% and a cash reserve of ₦100,000. If the bank wants to increase its lending capacity, what is the maximum amount it can lend?

Answer Options

A. ₦900,000
Correct Answer B. ₦1,000,000
C. ₦1,100,000
D. ₦1,200,000
Correct Answer
B
Correct Option:
₦1,000,000

About This Question

This is Post Utme Igbinedion University 2022 Commerce Question 19. It is one of the objective questions from the 2022 Post Utme Igbinedion University Commerce examination.

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