Post Utme Osustech 2019 Commerce Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Osustech Commerce examination.

Post Utme Osustech 2019 Commerce Objective / Multiple Choice
Question 38 POST_UTME_OSUSTECH • 2019 • 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 of loans it can give out?

Answer Options

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

About This Question

This is Post Utme Osustech 2019 Commerce Question 38. It is one of the objective questions from the 2019 Post Utme Osustech Commerce examination.

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