Post Utme Nile University 2023 Commerce Question 21
Practice objective / multiple choice question 21 from the 2023 Post Utme Nile University Commerce examination.
A bank's cash reserve ratio is 20%. If the bank has a total deposit of ₦1,000,000, what is the minimum amount of cash it must hold in reserve?
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About This Question
This is Post Utme Nile University 2023 Commerce Question 21. It is one of the objective questions from the 2023 Post Utme Nile University Commerce examination.
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