Post Utme Oau 2024 Commerce Question 3

Practice objective / multiple choice question 3 from the 2024 Post Utme Oau Commerce examination.

Post Utme Oau 2024 Commerce Objective / Multiple Choice
Question 3 POST_UTME_OAU • 2024 • COMMERCE • objective

A bank's cash reserve ratio is 10%. If the bank has a cash reserve of ₦1,000,000, what is the total amount of deposits it has received?

Answer Options

A. ₦10,000,000
B. ₦20,000,000
C. ₦30,000,000
Correct Answer D. ₦40,000,000
Correct Answer
D
Correct Option:
₦40,000,000

About This Question

This is Post Utme Oau 2024 Commerce Question 3. It is one of the objective questions from the 2024 Post Utme Oau Commerce examination.

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