Post Utme Lautech 2024 Commerce Question 2
Practice objective / multiple choice question 2 from the 2024 Post Utme Lautech Commerce examination.
A bank's cash management system uses the following formula to calculate the optimal cash balance: ( B = sqrt{ rac{2D}{h}} ), where B is the optimal cash balance, D is the daily cash inflow, and h is the holding cost. If the daily cash inflow is ₦100,000 and the holding cost is 5% per annum, what is the optimal cash balance?
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This is Post Utme Lautech 2024 Commerce Question 2. It is one of the objective questions from the 2024 Post Utme Lautech Commerce examination.
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