Post Utme Lasu 2023 Commerce Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Lasu Commerce examination.

Post Utme Lasu 2023 Commerce Objective / Multiple Choice
Question 36 POST_UTME_LASU • 2023 • COMMERCE • objective

A bank's balance sheet is given by Assets = Liabilities + Equity. If the bank's assets and liabilities are 100 million and 80 million respectively, what is the bank's equity?

Answer Options

A. 10 million
B. 20 million
Correct Answer C. 30 million
D. 40 million
Correct Answer
C
Correct Option:
30 million

About This Question

This is Post Utme Lasu 2023 Commerce Question 36. It is one of the objective questions from the 2023 Post Utme Lasu Commerce examination.

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