Post Utme Lead City University 2018 Commerce Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2018 Commerce Objective / Multiple Choice
Question 38 POST_UTME_LEAD_CITY_UNIVERSITY • 2018 • COMMERCE • objective

A bank's reserve requirement is 10%. If the bank has a reserve of ₦100,000, how much can it lend to customers?

Answer Options

A. ₦100,000
B. ₦900,000
C. ₦1,000,000
Correct Answer D. ₦1,100,000
Correct Answer
D
Correct Option:
₦1,100,000

About This Question

This is Post Utme Lead City University 2018 Commerce Question 38. It is one of the objective questions from the 2018 Post Utme Lead City University Commerce examination.

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