Post Utme Lautech 2022 Commerce Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Lautech Commerce examination.

Post Utme Lautech 2022 Commerce Objective / Multiple Choice
Question 11 POST_UTME_LAUTECH • 2022 • COMMERCE • objective

A bank's cash reserve ratio is 20%. If the bank has ₦100 million in cash reserves, what is the total amount of deposits it can make?

Answer Options

A. ₦500 million
B. ₦400 million
C. ₦300 million
Correct Answer D. ₦200 million
Correct Answer
D
Correct Option:
₦200 million

About This Question

This is Post Utme Lautech 2022 Commerce Question 11. It is one of the objective questions from the 2022 Post Utme Lautech Commerce examination.

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