Post Utme Redeemers University 2020 Commerce Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2020 Commerce Objective / Multiple Choice
Question 32 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • COMMERCE • objective

A bank's cash reserve ratio is 10%. If the bank has a cash reserve of ₦100,000, what is the maximum amount of credit it can extend to customers?

Answer Options

Correct Answer A. ₦900,000
B. ₦1,000,000
C. ₦1,100,000
D. ₦1,200,000
Correct Answer
A
Correct Option:
₦900,000

About This Question

This is Post Utme Redeemers University 2020 Commerce Question 32. It is one of the objective questions from the 2020 Post Utme Redeemers University Commerce examination.

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