Post Utme Ims U 2017 Commerce Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Ims U Commerce examination.

Post Utme Ims U 2017 Commerce Objective / Multiple Choice
Question 3 POST_UTME_IMS_U • 2017 • COMMERCE • objective

A bank's cash reserve ratio is 20%. If the bank has a cash reserve of ₦100,000, what is the maximum amount it can lend?

Answer Options

A. ₦400,000
Correct Answer B. ₦500,000
C. ₦600,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Ims U 2017 Commerce Question 3. It is one of the objective questions from the 2017 Post Utme Ims U Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support