Post Utme Joseph Ayo Babalola University 2021 Commerce Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2021 Commerce Objective / Multiple Choice
Question 38 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • COMMERCE • objective

A bank's cash reserve ratio is 10%. If the bank has a cash reserve of ₦1,000,000, what is the maximum amount it can lend to customers?

Answer Options

Correct Answer A. ₦9,000,000
B. ₦10,000,000
C. ₦11,000,000
D. ₦12,000,000
Correct Answer
A
Correct Option:
₦9,000,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Commerce Question 38. It is one of the objective questions from the 2021 Post Utme Joseph Ayo Babalola University Commerce examination.

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