Post Utme Lead City University 2017 Commerce Question 27

Practice objective / multiple choice question 27 from the 2017 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2017 Commerce Objective / Multiple Choice
Question 27 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • COMMERCE • objective

A bank's cash reserve ratio is 10%. If the bank has a cash reserve of ₦1,000,000, what is the maximum amount it can lend to customers?

Answer Options

Correct Answer A. ₦9,000,000
B. ₦10,000,000
C. ₦11,000,000
D. ₦12,000,000
Correct Answer
A
Correct Option:
₦9,000,000

About This Question

This is Post Utme Lead City University 2017 Commerce Question 27. It is one of the objective questions from the 2017 Post Utme Lead City University Commerce examination.

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