Post Utme Mountain Top University 2017 Commerce Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2017 Commerce Objective / Multiple Choice
Question 40 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • COMMERCE • objective

A bank's reserve requirement is 10%. If the bank has a deposit of ₦100,000, how much must it keep in reserve?

Answer Options

Correct Answer A. ₦10,000
B. ₦11,000
C. ₦12,000
D. ₦13,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Mountain Top University 2017 Commerce Question 40. It is one of the objective questions from the 2017 Post Utme Mountain Top University Commerce examination.

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