Post Utme Ksu 2020 Commerce Question 2

Practice objective / multiple choice question 2 from the 2020 Post Utme Ksu Commerce examination.

Post Utme Ksu 2020 Commerce Objective / Multiple Choice
Question 2 POST_UTME_KSU • 2020 • COMMERCE • objective

A bank's cash reserve ratio is 10%. If the bank has a total deposit of ₦100,000,000, how much cash must it reserve?

Answer Options

Correct Answer A. ₦10,000,000
B. ₦9,000,000
C. ₦8,000,000
D. ₦7,000,000
Correct Answer
A
Correct Option:
₦10,000,000

About This Question

This is Post Utme Ksu 2020 Commerce Question 2. It is one of the objective questions from the 2020 Post Utme Ksu Commerce examination.

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