Post Utme Pan Atlantic University 2020 Commerce Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2020 Commerce Objective / Multiple Choice
Question 38 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • COMMERCE • objective

A company has a risk management policy that requires it to maintain a minimum of ₦5 million in reserve for each ₦10 million of assets. If the company has ₦50 million in assets, what is the minimum amount of reserve it must maintain?

Answer Options

A. ₦20 million
Correct Answer B. ₦25 million
C. ₦30 million
D. ₦35 million
Correct Answer
B
Correct Option:
₦25 million

About This Question

This is Post Utme Pan Atlantic University 2020 Commerce Question 38. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Commerce examination.

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