Post Utme Igbinedion University 2022 Commerce Question 37
Practice objective / multiple choice question 37 from the 2022 Post Utme Igbinedion University Commerce examination.
A bank's balance sheet shows a cash balance of ₦500 million, a loan portfolio of ₦2 billion, and a deposit account of ₦3 billion. If the bank's reserve requirement is 10%, what is the minimum amount of cash the bank must hold?
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This is Post Utme Igbinedion University 2022 Commerce Question 37. It is one of the objective questions from the 2022 Post Utme Igbinedion University Commerce examination.
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