Post Utme Oau 2022 Commerce Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Oau Commerce examination.

Post Utme Oau 2022 Commerce Objective / Multiple Choice
Question 11 POST_UTME_OAU • 2022 • COMMERCE • objective

A bank's cash reserve ratio is 20%. If the bank has a cash reserve of ₦1,000,000, what is the maximum amount it can lend to its customers?

Answer Options

Correct Answer A. ₦4,000,000
B. ₦5,000,000
C. ₦6,000,000
D. ₦7,000,000
Correct Answer
A
Correct Option:
₦4,000,000

About This Question

This is Post Utme Oau 2022 Commerce Question 11. It is one of the objective questions from the 2022 Post Utme Oau Commerce examination.

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