Post Utme Madonna University 2018 Commerce Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2018 Commerce Objective / Multiple Choice

Question 29 POST_UTME_MADONNA_UNIVERSITY • 2018 • COMMERCE • objective

A bank's cash management system involves maintaining a minimum cash balance to meet customer withdrawals. What is the primary purpose of this system?

Answer Options

A. To minimize interest expenses

B. To maximize returns on investment

Correct Answer C. To ensure liquidity and meet customer needs

D. To reduce operational costs

Correct Answer

Correct Option:

To ensure liquidity and meet customer needs

About This Question

This is Post Utme Madonna University 2018 Commerce Question 29. It is one of the objective questions from the 2018 Post Utme Madonna University Commerce examination.

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