Post Utme Oau 2023 Commerce Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Oau Commerce examination.

Post Utme Oau 2023 Commerce Objective / Multiple Choice
Question 25 POST_UTME_OAU • 2023 • COMMERCE • objective

A bank has a reserve requirement of 10%. If it has a deposit of ₦1,000,000, how much must it reserve?

Answer Options

Correct Answer A. ₦100000
B. ₦200000
C. ₦300000
D. ₦400000
Correct Answer
A
Correct Option:
₦100000

About This Question

This is Post Utme Oau 2023 Commerce Question 25. It is one of the objective questions from the 2023 Post Utme Oau Commerce examination.

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