Post Utme Oau 2023 Commerce Question 38

Practice objective / multiple choice question 38 from the 2023 Post Utme Oau Commerce examination.

Post Utme Oau 2023 Commerce Objective / Multiple Choice
Question 38 POST_UTME_OAU • 2023 • COMMERCE • objective

A bank's cash reserve ratio is 20%. If the bank has a cash reserve of ₦100,000, what is the maximum amount of credit it can extend to customers?

Answer Options

A. ₦400,000
Correct Answer B. ₦500,000
C. ₦600,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Oau 2023 Commerce Question 38. It is one of the objective questions from the 2023 Post Utme Oau Commerce examination.

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