Post Utme Noun 2025 Commerce Question 9

Practice objective / multiple choice question 9 from the 2025 Post Utme Noun Commerce examination.

Post Utme Noun 2025 Commerce Objective / Multiple Choice
Question 9 POST_UTME_NOUN • 2025 • COMMERCE • objective

A bank's reserve requirement is 10%. If the bank has a cash reserve of ₦100,000 and it wants to increase its lending capacity by 20%, then the amount it can lend is

Answer Options

A. ₦180,000
B. ₦200,000
Correct Answer C. ₦220,000
D. ₦240,000
Correct Answer
C
Correct Option:
₦220,000

About This Question

This is Post Utme Noun 2025 Commerce Question 9. It is one of the objective questions from the 2025 Post Utme Noun Commerce examination.

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