Post Utme Madonna University 2020 Commerce Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2020 Commerce Objective / Multiple Choice
Question 18 POST_UTME_MADONNA_UNIVERSITY • 2020 • COMMERCE • objective

A bank's balance sheet is given by Assets = Liabilities + Equity. If the bank's assets increase by 10% and its liabilities increase by 5%, what is the percentage increase in its equity?

Answer Options

A. 3%
B. 5%
C. 7%
Correct Answer D. 9%
Correct Answer
D
Correct Option:
9%

About This Question

This is Post Utme Madonna University 2020 Commerce Question 18. It is one of the objective questions from the 2020 Post Utme Madonna University Commerce examination.

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