Post Utme Madonna University 2024 Commerce Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2024 Commerce Objective / Multiple Choice
Question 15 POST_UTME_MADONNA_UNIVERSITY • 2024 • COMMERCE • objective

A bank's cash reserve ratio is 10%. If the bank has a cash reserve of ₦10,000,000, what is the total amount of deposits it can accept?

Answer Options

Correct Answer A. ₦100,000,000
B. ₦90,000,000
C. ₦80,000,000
D. ₦70,000,000
Correct Answer
A
Correct Option:
₦100,000,000

About This Question

This is Post Utme Madonna University 2024 Commerce Question 15. It is one of the objective questions from the 2024 Post Utme Madonna University Commerce examination.

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