Post Utme Ksu 2018 Commerce Question 5

Practice objective / multiple choice question 5 from the 2018 Post Utme Ksu Commerce examination.

Post Utme Ksu 2018 Commerce Objective / Multiple Choice
Question 5 POST_UTME_KSU • 2018 • COMMERCE • objective

A bank's reserve requirement is 10%. If the bank has a cash reserve of ₦100,000, what is the maximum amount of loans it can give out?

Answer Options

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

About This Question

This is Post Utme Ksu 2018 Commerce Question 5. It is one of the objective questions from the 2018 Post Utme Ksu Commerce examination.

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