Post Utme Oau 2020 Commerce Question 18

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

Post Utme Oau 2020 Commerce Objective / Multiple Choice
Question 18 POST_UTME_OAU • 2020 • COMMERCE • objective

A bank has a reserve requirement of 10% and a cash reserve ratio of 5%. If the bank has 100 units of deposits, how much cash will it have to keep in reserve?

Answer Options

A. 5
Correct Answer B. 10
C. 15
D. 20
Correct Answer
B
Correct Option:
10

About This Question

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

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