Post Utme Pan Atlantic University 2020 Commerce Question 18

Practice objective / multiple choice question 18 from the 2020 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2020 Commerce Objective / Multiple Choice
Question 18 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • COMMERCE • objective

A bank's balance sheet is given by the following equation: Assets = Liabilities + Equity. If the bank's assets increase by 10% and its liabilities increase by 5%, what is the percentage change in equity?

Answer Options

A. 5%
B. 10%
Correct Answer C. 15%
D. 20%
Correct Answer
C
Correct Option:
15%

About This Question

This is Post Utme Pan Atlantic University 2020 Commerce Question 18. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support